A Favorable Direct Materials Price Variance and an Unfavorable Direct

question 20

Multiple Choice

A favorable direct materials price variance and an unfavorable direct materials quantity variance might indicate which of the following?

• A)Less expensive, inferior materials requiring less than the standard amount were used in production.
• B)Less expensive, inferior materials requiring more than the standard amount were used in production.
• C)More expensive, superior materials requiring more than the standard amount were used in production.
• D)More expensive, superior materials requiring less than the standard amount were used in production.

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Definitions:

Truman Administration

The presidency of Harry S. Truman, the 33rd President of the United States, serving from 1945 to 1953, notable for its Cold War policies and the decision to use atomic bombs against Japan.

World Problems

Global issues affecting nations and peoples across the world, such as climate change, poverty, conflict, and disease.

International Tension

Strain in political and diplomatic relations between countries that can lead to conflicts, often related to territorial disputes, ideology, or competition for resources.

Cold War

A period of geopolitical tension between the Soviet Union and the United States and their respective allies from the end of World War II until the collapse of the Soviet Union in 1991, characterized by political, military, and economic conflicts.