Comparative financial statements in which each individual financial statement amount is expressed as a percentage of a base amount are called:
A. Asset comparative statements.
B. Percentage comparative statements.
C. Common-size comparative statements.
D. General-purpose financial statements.
E. Sales comparative statements.
Answer: C
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A. cluster B. systematic random C. simple random D. stratified random
Which of the following measures the difference between the quantity of materials actually used to make the product and what the design standard called for?
A) Direct labor efficiency variance. B) Direct materials price variance. C) Direct labor rate variance. D) Direct materials usage variance.
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What will be an ideal response?
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