Which of the Following Is True Concerning the Materials Price

question 61

Multiple Choice

Which of the following is true concerning the materials price variance?

• A) It is the difference between the actual and standard unit price of an input multiplied by the number of inputs used.
• B) It is the difference between the actual and standard unit price of an output multiplied by the number of inputs used.
• C) It is the difference between the actual and standard unit price of an input multiplied by the number of inputs purchased.
• D) It is the difference between the actual and standard unit price of an output multiplied by the number of inputs purchased.
• E) None of these.

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Definitions:

Intervention

An action or procedure undertaken to modify a process, situation, or behavior, especially for the purpose of improving outcomes.

Evidence-Based Practice

A decision-making process that integrates the best available research with clinical expertise and patient values.

Practice Change

The modification or transformation of methods, behaviors, and policies in clinical or professional settings to improve outcomes and efficiencies.

Evaluate

To systematically determine the significance, worth, or condition of something, often by careful appraisal and study.