The Algebraic Equation for the Direct Materials Price Variance Is

question 20

Multiple Choice

The algebraic equation for the direct materials price variance is

• A)Direct materials price variance = AQ_purch x AP - SP
• B)Direct materials price variance = SQ_purch x AP - SP
• C)Direct materials price variance = SP x AQ_purch - SQ_purch
• D)Direct materials price variance = AP x AQ_purch - SQ_purch

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Definitions:

Addition

The mathematical operation of combining two or more quantities to find their total or sum.

Sizes

The dimensions, proportions, or magnitude of objects, expressed in terms of volume, area, or length.

Stimulus Dimension

A specific aspect of a stimulus, such as color or shape, which can be detected and processed by the sensory system.

Preoperational Stage

A stage in Piaget’s theory of cognitive development, typically occurring from ages 2 to 7, characterized by the development of language and symbolic thinking but not yet logical reasoning.