The standard price and quantity of direct materials are separated because:
A) GAAP reporting requires this separation
B) direct materials prices are controlled by the purchasing department, and quantity used is controlled by the production department
C) standard quantities are more difficult to estimate than standard prices
D) standard prices change more frequently than standard quantities
B
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Indicate whether the statement is true or false
Analysis of a single financial number is often of limited value.
Answer the following statement true (T) or false (F)
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What will be an ideal response?