If the Standard to Produce a Given Amount of Product

question 41

True/False

If the standard to produce a given amount of product is 1,000 units of direct materials at $11 and the actual was 800 units at $12, the direct materials quantity variance was $2,200 unfavorable.

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Definitions:

Cultural Differences

The variations in the ways of life, beliefs, norms, and behaviors among different groups of people or societies.

Susceptible

Likely to be influenced or harmed by a particular thing or condition.

Alcoholics

Individuals who suffer from alcoholism, a chronic disease characterized by uncontrolled drinking and preoccupation with alcohol.

Active Ingredient

The component in a product, especially in pharmaceuticals, that is responsible for its therapeutic effect.