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.

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Definitions:

Secretion

The process by which substances are produced and discharged from cells or glands for a particular function in the organism or for excretion.

Absorption

The process by which substances are taken up into or across tissues, such as nutrients being absorbed through the gastrointestinal tract into the bloodstream.

Biopsy

A medical test involving the extraction of sample cells or tissues for examination to determine the presence or extent of a disease.

Autopsy

A post-mortem examination of a body to determine the cause of death or study the effects of diseases.