An Unfavourable Material Quantity Variance Indicates That the Actual Usage

question 57

True/False

An unfavourable material quantity variance indicates that the actual usage of material exceeds the standard material allowed for output

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Definitions:

Output Technologies

Refers to the devices and methods used to convey processed data and information from a computer to the user, such as monitors, printers, and speakers.

Data

Facts and statistics collected together for reference or analysis.

Information

Data that have been organized so that they have meaning and value to the recipient.

Mainframes

Powerful computers used primarily by large organizations for critical applications, bulk data processing such as census, industry and consumer statistics, enterprise resource planning, and financial transaction processing.