The Direct Materials Price Variance Is Calculated Using Which of the Three

question 33

Multiple Choice

The direct materials price variance is calculated using which of the three amounts?

• A)Actual quantity purchased,standard quantity purchased,actual price paid
• B)Actual quantity purchased,standard quantity purchased,standard price paid
• C)Standard quantity purchased,actual price paid,standard price paid
• D)Actual quantity purchased,actual price paid,standard price paid

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Definitions:

Cartilage

A flexible connective tissue found in various parts of the body including the joints, rib cage, and ear, providing support and cushioning.

Collagen Fibers

Strong, flexible proteins found in connective tissues, such as skin, tendons, and ligaments, providing structural support.

Synovial Joints

Joints that are surrounded by a fluid-filled capsule, allowing for smooth movement between connected bones.

Syndesmosis

A type of fibrous joint in which bones are joined together by a ligament or a membrane, allowing for minimal movement.