Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 17, 2024

If the actual quantity of direct materials used in producing a commodity differs from the standard quantity, the variance is termed: a. controllable variance b.

If the actual quantity of direct materials used in producing a commodity differs from the standard quantity, the variance is termed: a. controllable variance b. price variance c. quantity variance d. rate variance

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: kieso, weygandt and warfield.

IFRS Edition

978-1118443965, 1118800532, 9781118800539, 978-0470873991

More Books

Students also viewed these Accounting questions

Question

★★★★★

A wheel with a radius of 45.0 cm rolls without slipping along a horizontal floor (Figure). At time t1, the dot P painted on the rim of the wheel is at the point of contact between the wheel and the...

Answered: 1 week ago

Question

★★★★★

In the Exercise, we give linear equations. For each equation, a. Find the y-intercept and slope. b. Determine whether the line slopes upward, slopes downward, or is horizontal, without graphing the...

Answered: 1 week ago

Question

★★★★★

List and describe the content of a letter of intent.

Answered: 1 week ago

Question

★★★★★

Gasoline prices above $3 per gallon have affected what Enterprise Rental Car Co. can charge for various models of rental cars. SUVs are $37 with one-day return and subcompacts are $41 with one-day...

Answered: 1 week ago

Question

★★★★★

Answered: 1 week ago

Question

★★★★★

1. Calculate the gauge pressure -in excess of atmospheric- at a depth of 10.5 meters, in the Dead Sea. The density of dead sea water PDead sea =(1238 kg/m^3) 2. An alligator changes its density by...

Answered: 1 week ago

Question

★★★★★

If I have a product that I want to use in my buisness that cost $75,000 to instill, and I use the product 20 times per week at a cost of $98 per person, what is my break even point?

Answered: 1 week ago

Question

★★★★★

The following is information related to Blossom Company for its first month of operations Credit Sales Cash Collections Jan.? Austin Co $10.200 Jan. 17 Austin Co 57,200 15 Diaz Co. 6.200 24 Day Ci...

Answered: 1 week ago

Question

★★★★★

Jackson Inc. has EPS of $5.625 with a return ratio of 60%. The annual growth rate in dividends is expected to be 6% and Jackson's shareholders require a return of 11%. The stock price is closest to:

Answered: 1 week ago

Question

★★★★★

Describe the advantages and disadvantages of a free expression of emotion in the management style

Answered: 1 week ago

Question

★★★★★

Integrity Company is relocating its facilities. The company estimates that it will take three trucks to move office contents. If the per truck rental charge is P1,000 plus 25 cents per mile, what is...

Answered: 1 week ago

Question

★★★★★

7. Do you use occasional gestures to emphasize a point youre making in your speech? Do they feel natural?

Answered: 1 week ago

Question

★★★★★

B You may have been reading this scenario under the assumption that you do not have any physical challenges. Now imagine that you have speech challenges or that you suffer from a chronic illness....

Answered: 1 week ago

Question

★★★★★

Think back on a variety of different public presentations youve witnessedspeeches by fellow students, presentations by instructors, political debates, and so on. What is the most effective use of a...

Answered: 1 week ago

Previous Question Next Question