If Raw Materials Are Carried in the Direct Materials Inventory

question 5

Multiple Choice

If raw materials are carried in the Direct Materials Inventory at standard cost,then it is reasonable to assume that the:

• A) price variance is recognized when materials are purchased.
• B) price variance is recognized when materials are placed into production.
• C) company does not follow generally accepted accounting principles.
• D) efficiency variance is recognized when the materials are purchaseD.
• To be carried at standard,price variations need to be removeD.
• Standard cost for materials inventory means standard price × actual quantities in the inventory.

---

Definitions:

Alzheimer's Disease

A neurological condition that advances over time, leading to the loss of memory, decline in cognitive abilities, and alterations in personality.

Mindfulness Meditation

A meditation practice that focuses on cultivating mindfulness by paying attention to thoughts, feelings, and sensations in the present moment.

Aerobic Exercise

Physical activity that improves the efficiency of the cardiovascular system in absorbing and transporting oxygen, such as running, swimming, or cycling.

Premature Infants

are babies born before 37 weeks of gestation and may require special medical care.