The materials price variance is computed using the equation
A) (Actual Price x Actual Quantity) - (Standard Price x Actual Quantity).
B) (Standard Price x Actual Quantity) - (Actual Price x Actual Quality).
C) (Standard Price x Standard Quantity) - (Actual Price x Actual Quantity).
D) (Actual Price x Actual Quantity) - (Standard Price x Standard Quantity).
E) None of these.
A
You might also like to view...
Answer the following statements true (T) or false (F)
1) In general, to remain competitive in an industry, a low gross profit percentage is desired. 2) Under the new revenue recognition standards, companies are required to identify the performance obligations associated with each contract. 3) Under the new revenue recognition standards, companies recognize revenue when performance obligations associated with contracts are identified. 4) A retailer sells, for cash, a television set with a two-year service contract. The retailer initially records the cash received for the service contract as Unearned Revenue. 5) Revenue from contracts with multiple performance obligations is recognized as each performance obligation is satisfied.
Marketing managers almost always consult primary sources before embarking on secondary data collection
Indicate whether the statement is true or false
Which of the following characteristics of psychological capital refers to the will to succeed and the ability to identify and pursue the path to success?
A. resiliency B. hope C. efficacy D. optimism
Uncertainty in cost management arises from the lack of identification or understanding of cost drivers
Indicate whether the statement is true or false