A Favorable Materials Price Variance Can Affect All of the Following

question 49

Multiple Choice

A favorable materials price variance can affect all of the following variances except ________.

• A) labor rate variance
• B) labor efficiency variance
• C) materials quantity variance
• D) flexible budget variance for direct materials

---

Definitions:

Determinism

The philosophical concept that all events, including moral choices, are determined completely by previously existing causes.

Structuralism

a method of interpretation and analysis in psychology, linguistics, and anthropology that views elements of human culture in terms of their relationship to a larger, overarching system or structure.

Pantheism

The belief or doctrine that God is identical with the universe, or that everything composes an all-encompassing, immanent God.

Classical Conditioning

A training approach that involves forming connections between a stimulus in the environment and one that occurs naturally.