A Materials Price Variance Is Unfavorable If the Actual Price

question 144

True/False

A materials price variance is unfavorable if the actual price exceeds the standard price.

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Definitions:

Textile Strike

A work stoppage initiated by employees in the textile industry as a form of protest against working conditions, wages, or other employment issues.

Auto Workers

Employees in the automotive industry, including those involved in the manufacturing, assembling, and selling of motor vehicles.

Huey Long

A populist political leader from Louisiana, who served as the state's governor and a U.S. Senator in the early 20th century, known for his Share Our Wealth program.

Francis Townsend

An American physician who was known for his advocacy for the elderly and his proposal of a pension plan to aid the elderly during the Great Depression, leading to the creation of Social Security.