If the Purchasing Manager Purchased a Greater Quantity of Raw

question 167

Multiple Choice

If the purchasing manager purchased a greater quantity of raw materials than budgeted, but paid the Standard Price (SP) , which variance may be affected?

• A)Materials price variance
• B)Materials quantity variance
• C)Both of the variances may be affected
• D)Neither of the variances may be affected

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Definitions:

Red Scare

A term describing the fear and persecution of presumed communists and radical leftists, especially in the United States during the early 20th century, notably in the 1920s and again in the 1950s.

New York Museum of Modern Art

An influential art museum located in New York City, known for its extensive collection of modern and contemporary art.

CIA

The Central Intelligence Agency, operating as a civilian entity under the U.S. federal government, is assigned the responsibilities of collecting, processing, and analyzing information pertinent to the nation's security.

Funded

Provided with financial resources or capital, often referring to projects, programs, or initiatives that receive monetary support.