The Following Materials Standards Have Been Established for a Particular

question 245

Multiple Choice

The following materials standards have been established for a particular product:
The following data pertain to operations concerning the product for the last month:
What is the materials quantity variance for the month?

• A) $9,940 U
• B) $15,351 U
• C) $14,484 U
• D) $10,535 U

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Definitions:

Mislaid Property

Property that is intentionally set down by someone who then forgets to retrieve it, differing from lost or abandoned property.

Prize-Winning Horse

A horse that has won awards or recognition in competitive events or shows due to its performance, breed qualities, or other characteristics.

Voluntarily Transfers

The act of willingly transferring ownership or rights of an asset or property from one party to another without coercion.

Gift

A voluntary transfer of property or funds from one person to another without the expectation of receiving something in return.