Which of the following equations can be used to compute the total materials variance? (A = Actual; S = Standard; Q = Quantity; P = Price)
A. (AQ × AP) ? (AQ × SP)
B. (AQ × AP) ? (SQ × SP)
C. (SQ × SP) ? (SQ × SP)
D. (AQ × SP) ? (SQ × SP)
Answer: B
You might also like to view...
Brad supervises several employees who seem to have low self-efficacy. To improve this situation, he should do all the following except
A. serve as a role model and mentor to them. B. provide guided experiences. C. avoid rewarding small successes. D. nurture their self-efficacy. E. give positive feedback and constructive pointers.
The budget is an important source of feedback for an organization
Indicate whether the statement is true or false
Firms in consumer markets are more likely to market their offerings directly to customer firms than their business market counterparts
Indicate whether the statement is true or false
It is sometimes the case that parties to a contract are unwilling to settle a contract because they don't want to take the blame for poor terms of the agreement. In these cases, the parties will often rely on the arbitration process to make the decisions for them. The term used to describe this problem is:
A. the chilling effect. B. the ripple effect. C. the narcotic effect. D. the arbitration effect.