43&44

QUESTION 43 The materials price variance can be calculated using the following equation: a. (Standard price - actual price) X standard quantity allowed b.(Standard price - actual price) X actual quantity used O . (Actual price - standard price ) X actual quantity used Od(Budgeted materials costs - actual materials costs) QUESTION 44 Which of the following statements is true about direct costs? a. A direct cost is a cost that can easily and conveniently be traced to a specified cost object b. Manufacturing overhead is included as a direct cost. c. A direct cost is allocated to different cost objects. d. A direct cost is a cost that cannot be easily traced to a specified cost object