The Following Materials Standards Have Been Established for a Particular

question 136

Multiple Choice

The following materials standards have been established for a particular product: The following data pertain to operations concerning the product for the last month: What is the materials quantity variance for the month?

• A)$13, 720 U
• B)$6, 732 F
• C)$13, 860 U
• D)$6, 664 F

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Definitions:

Void Contract

A contract that lacks legal validity, making it unenforceable and as if it never existed from the onset.

Voidable Contract

A valid agreement that may be legally voided at the option of one of the parties due to certain conditions such as fraud or duress.

Contract in Place

An existing agreement that has been formally established and is legally binding.

Liable

Legally responsible or obligated.