The Materials Quantity Variance Should Be Computed

question 106

Multiple Choice

The materials quantity variance should be computed:

• A)when materials are purchased.
• B)based upon the amount of materials used in production.
• C)based upon the difference between the actual and standard prices per unit times the actual quantity used.
• D)only when there is a difference between standard and actual cost per unit for the materials.

---

Definitions:

Plasma Component

The liquid part of blood that carries cells and proteins throughout the body, consisting mainly of water, electrolytes, and proteins.

Plasma

The liquid component of blood, in which blood cells are suspended.

Serum

The component of blood that remains after clotting has removed the blood cells and clotting proteins, containing antibodies and other proteins.

Formed Elements

Cells (i.e., red and white blood cells) and cell fragments (i.e., platelets) of blood.