Which of the Following Is True Concerning the Materials Price

question 61

Multiple Choice

Which of the following is true concerning the materials price variance?

• A) It is the difference between the actual and standard unit price of an input multiplied by the number of inputs used.
• B) It is the difference between the actual and standard unit price of an output multiplied by the number of inputs used.
• C) It is the difference between the actual and standard unit price of an input multiplied by the number of inputs purchased.
• D) It is the difference between the actual and standard unit price of an output multiplied by the number of inputs purchased.
• E) None of these.

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Definitions:

Leonid Brezhnev

A Soviet politician who led the Soviet Union as General Secretary of the Communist Party from 1964 until his death in 1982.

Soviet Policy

The political strategy or principles governing the Soviet Union, particularly during the Cold War era, including approaches to economy, international relations, and internal governance.

Communist Orthodoxy

The strict adherence to the principles and doctrines of classical Marxism-Leninism within communist ideologies and practices.

Mass Gulag

Refers to the extensive network of forced labor camps operated by the Soviet Union under Stalin, where political prisoners and others were detained.