The Flexible Budget Variance for Materials Has Which of the Following

question 43

Multiple Choice

The flexible budget variance for materials has which of the following two components?

• A)Direct material price variance and direct material quantity variance
• B)Direct material price variance and indirect material price variance
• C)Direct material quantity variance and indirect materials quantity variance
• D)None of these ans choices are correct

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Definitions:

Objective Criteria

Objective criteria are unbiased standards used to measure or evaluate something.

Subjective Criteria

Standards or principles based on personal feelings, tastes, or opinions rather than objective measures.

BATNA

Stands for Best Alternative To a Negotiated Agreement, the course of action that will be taken by a party engaged in negotiation if the current negotiations fail and an agreement cannot be reached.

Negotiating Party

A negotiating party refers to an individual or group involved in discussions aimed at reaching an agreement or compromise on specific matters.