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:

Lasagna

A traditional Italian dish made with layers of flat pasta alternating with fillings such as ragù (meat sauce), vegetables, cheese, and seasonings and sauces.

Analogical

Pertaining to or based on analogy, the comparison between two things for the purpose of explanation or clarification.

Symbolic

Relating to or characterized by symbols or symbolism, often representing something abstract in concrete form.

Analogical Representation

The mental depiction of one idea based on the structure or details of another, analogous situation.