In a Standard Cost System,when the Materials Price Variance Is

question 85

Multiple Choice

In a standard cost system,when the materials price variance is recorded at the time the material is purchased,the materials purchase price variance is obtained by multiplying the:

• A)Actual price by the difference between actual quantity purchased and standard quantity used.
• B)Actual quantity purchased by the difference between actual price and standard price.
• C)Standard price by the difference between standard quantity purchased and standard quantity used.
• D)Standard quantity purchased by the difference between actual price and standard price.

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Definitions:

Excreted

The process by which waste products of metabolism are eliminated from an organism, usually through urine, feces, sweat, or exhalation.

Acetaminophen

A medication used to reduce fever and relieve pain.

Overdose

The ingestion or application of a drug or medicine in quantities greater than are recommended or generally practiced, often resulting in a toxic effect.

Interaction

The mutual or reciprocal action or influence between entities, substances, or people.