The Use of High-Quality Raw Materials Is Likely to Result

question 86

True/False

The use of high-quality raw materials is likely to result in a favorable efficiency variance and an unfavorable price variance.

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Definitions:

Nonmetallic Mineral

Minerals that lack metallic properties, often used in construction and manufacturing, such as sand, gravel, and precious stones.

Phosphates

Mineral salts containing the phosphate ion, used in fertilizers, detergents, and as a dietary supplement.

Gangue

The valueless minerals or rock that are mined along with valuable minerals or ore, typically disposed of as waste.