Which of the Following Statements Is/are True

question 63

Multiple Choice

Which of the following statements is/are true?

• A) The standard cost per unit of materials is used to calculate a materials price variance.
• B) The standard cost per unit of materials is used to calculate a materials usage variance.
• C) The standard cost per unit of materials cannot be determined until the end of the period.
• D) The standard cost per unit of materials is used to calculate a materials price variance AND the standard cost per unit of materials is used to calculate a materials usage variance.

---

Definitions:

Security

A financial instrument representing an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.

Securities Exchange Act

A U.S. law enacted in 1934 to govern the trading of securities, such as stocks and bonds, aimed at protecting investors from fraud.

Solicitation of Proxies

The process by which shareholders are asked to delegate their voting power to representatives to vote on their behalf at shareholder meetings.

Section 12

A specific segment or part within a legal document or statute that addresses a particular point of law.