The Following Materials Standards Have Been Established for a Particular

question 46

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 price variance for the month?

• A)$15,405 F
• B)$5,775 U
• C)$5,925 U
• D)$1,600 U

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Definitions:

Proactive Social Responsibility

A business approach where companies take the initiative to improve social welfare, beyond regulatory requirements.

Adverse Social Impacts

Negative effects on society that may result from certain actions or policies, such as increased inequality or damage to community cohesion.

Discretionary Responsibilities

Obligations that an individual or organization chooses to undertake voluntarily, beyond what is legally or contractually required.

Demand Legitimacy

The validity and legitimacy of a stakeholder’s interest in the organization.