Which Formula Is Used to Calculate the Materials Price Variance

question 12

Multiple Choice

Which formula is used to calculate the materials price variance?

• A)(actual price × actual quantity) − (standard price × standard quantity)
• B)(standard price × actual quantity) − (actual price × actual quality)
• C)(standard price × standard quantity) − (actual price × actual quantity)
• D)(actual price × actual quantity) − (standard price × actual quantity)

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Definitions:

Cortisol

A steroid hormone produced by the adrenal glands, often referred to as the "stress hormone".

Alexithymia

A personality characteristic in which an individuals has difficulty identifying and describing subjective feelings, difficulty distinguishing between feelings and bodily sensations of emotional arousal, constricted imaginal capacities, and an externally oriented cognitive style.

Sensory-perceptual Experiences

The process of receiving and interpreting sensory information from the environment through the five senses.

Secondary Appraisal

The process of evaluating one's options and deciding how to cope with a potential stressor.