Which of the Following Is More Likely to Charge You

question 36

Multiple Choice

Which of the following is more likely to charge you more money when you buy a car?

• A)An ad in the paper
• B)An ad on Craigslist
• C)Your local car dealership
• D)A sign in a car window

---

Definitions:

Materials Quantity Variance

A calculation of the difference between actual material usage and expected usage in production, multiplied by the standard cost for each unit.

Materials Price Variance

The difference between the actual cost of materials and the expected cost based on standard prices.

Raw Materials

Basic substances or components that are used in the initial stages of the manufacturing process to produce goods.

Raw Materials Inventory

The stock of unprocessed materials that are used in the manufacturing process to produce finished goods.