An Unfavorable Price Variance for Materials Means That

question 107

Multiple Choice

An unfavorable price variance for materials means that

• A) the actual cost of the materials was more than the budgeted amount.
• B) more materials were used in production than anticipated.
• C) more labor hours were required to work with the materials than expected.
• D) the actual cost of the materials was more than the standard cost.

---

Definitions:

Corporate Culture

The shared values, beliefs, and practices that characterize an organization and guide its employees' behaviors.

Shared Values

Fundamental beliefs or principles that are held in common by members of a group, organization, or society, forming the basis for cohesion and collective action.

Organization

An entity comprising multiple people working together with a particular purpose or objective, often structured in a specific way to achieve its goals.

Cognitive Dissonance

The mental discomfort or psychological stress experienced by a person who holds two or more contradictory beliefs, ideas, or values simultaneously.