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)Direct material rate variance and direct material quality variance

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Definitions:

Elect

To choose or select someone or something through a voting process or decision-making mechanism.

Identity

The distinguishing character or personality of an individual; or the way a person or thing is recognized or known.

Fraudulent Misrepresentation

A false statement of fact made by a person who knows, or should know, that it is false, and made with the intention of deceiving another.

Authority

The legal power or right given to an individual or body to make decisions, enforce rules, or govern.