The Standard Price and Quantity of Direct Materials Are Separated

question 39

Multiple Choice

The standard price and quantity of direct materials are separated because:

• A) GAAP reporting requires this separation
• B) direct materials prices are controlled by the purchasing department, and quantity used is controlled by the production department
• C) standard quantities are more difficult to estimate than standard prices
• D) standard prices change more frequently than standard quantities

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Definitions:

Prematurely

Before the expected or usual time; earlier than anticipated.

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Persons who are united in marriage, legally joined as partners in a personal relationship.

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A broad category of disorders that affect mood, thinking, and behavior, potentially impacting daily functioning and well-being.

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Indicates a position or ranking that is considered to be inferior or less prestigious compared to others within a hierarchy or social structure.