What Is the Term for the Relative Ability of a Substance

question 16

Multiple Choice

What is the term for the relative ability of a substance to undergo reduction?

• A)anode potential
• B)cathode potential
• C)oxidation potential
• D)reduction potential
• E)none of the above

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Definitions:

Material Price Variance

The difference between the actual cost of materials and the standard cost, multiplied by the quantities purchased.

Standard Quantity

The preset amount of materials or inputs theoretically required to produce a single unit of product under normal operating conditions.

Materials Price Variance

The difference between the actual cost of materials used in production and the standard cost of those materials.

Direct Materials

Raw materials that are directly traceable to the finished product and constitute a significant part of its costs.