For Purposes of the Calculation for the Direct Materials Usage

question 100

Multiple Choice

For purposes of the calculation for the direct materials usage variance when the quantity of materials purchased and used are different,which quantity of materials is relevant?

• A) Actual quantity purchased
• B) Actual quantity used
• C) The lower of the standard quantity allowed or actual quantity purchased
• D) The lower of the actual quantity used or actual quantity purchased

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Definitions:

MS Excel 2007

A version of Microsoft Excel, a spreadsheet program, released in 2006 that introduced the Ribbon interface and xlsb file format.

MS Excel 2008

A version of Microsoft Excel, a spreadsheet software, released in 2008 with features for calculation, graphing tools, pivot tables, and a macro programming language.

Template

A pre-designed layout or structure used as a starting point for creating documents, presentations, or projects, to ensure consistency and efficiency.

Standard Design Features

Common or typical characteristics, specifications, or elements incorporated into a design to meet minimum requirements or norms.