What Does a Favorable Direct Materials Efficiency Variance Indicate

question 2

Multiple Choice

What does a favorable direct materials efficiency variance indicate?

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

Understand the importance and application of performance criteria in patient outcomes.

Identify and perform necessary adaptations to standardized care plans for individual patient needs.

Compare and contrast standardized care plans with unit standards of care.

Recognize the patient groups requiring comprehensive discharge planning.

---

Definitions:

Straight-Line Depreciation

A method of allocating an asset's cost evenly across its useful life.

Natural Resources

Assets occurring in nature, such as mineral deposits, timber tracts, oil, and gas

Tangible Assets

Physical assets that hold value, such as land, buildings, vehicles, equipment, and inventory.

Operating Rights

The granted permissions or authorizations for a company to conduct specific operations within a regulatory or legal framework.