The Cooperative Wheat Research and Production Program (Later CIMMYT,the International

question 23

Multiple Choice

The Cooperative Wheat Research and Production Program (later CIMMYT,the International Maize and Wheat Improvement Center) was established in 1945 to:

• A) feed children in developing countries.
• B) improve Mexico's agricultural output.
• C) create a new kind of wheat.
• D) help farmers diversify their crops.

Recognize the calculation and interpretation of favorable and unfavorable variances.

Identify the roles of standards in evaluating price and quantity variances for both direct materials and direct labor.

Apply the concept of variance analysis to assess operational efficiency.

Comprehend the purpose and calculation of total manufacturing cost variance.