If You Set Your Alpha Level at

question 120

Multiple Choice

If you set your alpha level at .01,nondirectional,and you are using a correlated t-test and have a total of 30 subjects what is your table or critical t ?

• A)2.045
• B)2.048
• C)2.756
• D)1.699
• E)none of these

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Definitions:

Direct Materials Quantity Variance

The difference between the actual quantity of materials used in production and the expected quantity, multiplied by the standard cost per unit.

Direct Materials Price Variance

The difference between the actual cost of direct materials and the expected (or standard) cost, used in manufacturing and budgeting.

Direct Materials Quantity Variance

The difference between the actual quantity of materials used in production and the expected quantity, multiplied by the standard cost per unit of material.

Total Cost Variance

The overall difference between the actual costs incurred and the standard or budgeted costs, across all categories of expenses.