When computing variances, the difference between actual and standard costs multiplied by actual quantity purchased is called the:

a. price variance.
b. quantity variance.
c. mix variance.
d. combined price-quantity variance.


a

Business

You might also like to view...

The following are different organizational functions paired with a description of the function. Which of these is correctly paired?

a. Finance function: gathers market intelligence and can provide the operations group with meaningful ideas for product-improvement programs b. Marketing function: provides the operations group with technical information support c. Information technology function: provides funding that allows a firm’s operations group to produce products and invest in new production equipment d. Human resources function: provides the recruitment, hiring, and training of operations personnel as well as health-and-safety compliance training and advice related to current environmental and regulatory issues

Business

We can apply the multiplication rule to compute the probability that two events occur at the same time

Indicate whether the statement is true or false

Business

Let X represent weekly income expressed in dollars. Since there is no set upper limit, we cannot identify (and thus cannot count) all the possible values. Consequently, weekly income is regarded as a continuous random variable

Indicate whether the statement is true or false

Business

To localize a computer program, all you need to do is hire a translator to convert it from one language to another

Indicate whether the statement is true or false

Business