The Direct Material Price Variance Is Based on the Quantity

question 71

True/False

The direct material price variance is based on the quantity of materials purchased when the quantity purchased is different from the quantity used.

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Definitions:

Sequences of Rocks

The order and position of layers of rock, indicating their relative ages and the geological history of a region.

North America

A continent entirely within the Northern Hemisphere and almost all within the Western Hemisphere; it is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the east, the Pacific Ocean to the west, and South America and the Caribbean Sea to the southeast.

South Pole

The southernmost point on the Earth's surface, depicted as the point where the Earth's axis of rotation intersects its surface in the Antarctic.

Antarctica

The Earth's southernmost continent, containing the geographic South Pole, noted for its vast ice sheets and extreme cold temperatures.