If the Actual Quantity of Materials Used Is Less Than

question 53

True/False

If the actual quantity of materials used is less than the standard quantity of materials allowed for the actual output, then the journal entry to record the Direct Materials Quantity Variance would be a debit.

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Definitions:

Members

Individuals who belong to a group, organization, or community, often associated with certain benefits, responsibilities, or affiliations.

Consumer Ethnocentrism

The belief among consumers that purchasing domestic products is morally right and beneficial to the national economy, often leading to a preference for domestic goods over foreign ones.

Xenophobia

The fear or hatred of strangers, foreigners, or anything perceived as foreign or different.

Cultural Fit

The extent to which an individual’s beliefs, values, and behavior align with the culture of an organization or team.