What Does a Favorable Direct Materials Cost Variance Indicate

question 66

Multiple Choice

What does a favorable direct materials cost variance indicate?

• A)The actual quantity of materials used was less than the standard quantity.
• B)The actual cost of materials purchased was less than the standard cost of materials purchased.
• C)The actual cost of materials purchased was greater than the standard cost of materials purchased.
• D)The actual quantity of materials used was greater than the standard quantity.

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Definitions:

Hospital Fires

Unplanned fires occurring in healthcare facilities, posing significant risk to patient safety.

Electrical Devices

Tools or equipment powered by electricity, used in various applications from medical treatment to household utilities.

Smoking Cessation

The process of discontinuing tobacco smoking, which can significantly reduce the risks of smoking-related diseases.

Patient Understanding

The degree to which a patient comprehends their health condition, treatment options, and necessary care procedures.