Which of the Following Is Likely to Be Related to an Unfavourable

question 77

Multiple Choice

Which of the following is likely to be related to an unfavourable direct materials rate variance?

• A)Standard costs were determined correctly.
• B)the negotiating skills of the marketing manager
• C)unexpected price decreases in direct materials
• D)Actual direct material purchases were in larger quantities than normal, resulting in receiving volume discounts.
• E)Materials were purchased based on a competitive bid.

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Definitions:

Rights of Individuals

Legal, social, or ethical principles of freedom or entitlement; the fundamental normative rules about what is allowed or owed to people.

Markets

Places or structures where buyers and sellers interact to exchange goods, services, or information under specific economic conditions.

Economic Efficiency

A situation where resources are allocated in a way that maximizes the production of goods and services at the lowest cost to society.

Pollution

The introduction of contaminants into the natural environment, causing adverse change.