Which of the Following Are Not Discounts for PAP Coverage

question 132

Multiple Choice

Which of the following are not discounts for PAP coverage?

• A)Good student discount
• B)Anti-theft equipment discount
• C)Low miles per gallon discount
• D)Accident free discount
• E)All of the above are discounts for PAP.

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Definitions:

Materials Price Variance

The difference between the actual cost of materials and the expected cost multiplied by the quantity of materials used.

Unfavorable

A term used to describe a variance or difference that negatively impacts financial performance.

Labor Rate Variance

The difference between the expected cost of labor at standard rates and the actual cost of labor incurred.

Raw Materials Quantity Variance

The difference between the expected amount of raw materials required for production and the actual amount used, evaluated in terms of cost.