Indicate Whether Each of the Following Statements Is True or False

question 128

Short Answer

Indicate whether each of the following statements is true or false.
The total flexible budget materials variance can be broken down into a price variance and a rate variance.______
If the materials price variance was $3,000 unfavorable and the materials usage variance was $2,000 favorable,the flexible budget materials variance was $1,000 unfavorable.______
If the actual quantity of material used was 10,000 pounds,the actual price per pound was $2.40,and the standard price per pound was $2.25,the materials price variance was $1,500 unfavorable.______
The production department normally is considered to be responsible for materials price variances.______
Analyzing both favorable and unfavorable variances can improve efficiency and benefit the entire company.______

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Definitions:

Concealed Camera

A camera hidden from view, used to record people without their knowledge, often for security or surveillance purposes.

Transvestitism

The practice of dressing and adopting the gender role of the opposite sex for emotional or psychological reasons.

Sexual Arousal

The mental and physical condition of being alert to sexual attraction and prepared for engaging in sexual acts.

Psychologist

A professional specializing in the study and treatment of mental health issues, behaviors, and cognitive processes.