If the Actual Amount of Direct Materials Used Equals the Standard

question 75

Multiple Choice

If the actual amount of direct materials used equals the standard amount of direct materials that should have been used,the difference between the standard cost and actual cost of direct materials is called the

• A)price variance.
• B)rate variance.
• C)quantity variance.
• D)efficiency variance.

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Definitions:

Primary Research

involves the collection of original data through direct investigation or experiments, rather than analyzing previously published data.

Bonus Product

An additional item given to consumers as an incentive for purchasing a primary product.

Personal Care Items

Products intended for personal hygiene and grooming, such as toiletries, cosmetics, and skincare products.

Independent Variable

A variable that is manipulated or changed in an experiment to test its effects on the dependent variable.