Multiple Choice
The standard price and quantity of direct materials are separated because:
A) GAAP reporting requires this separation
B) direct materials prices are controlled by the purchasing department, and quantity used is controlled by the production department
C) standard quantities are more difficult to estimate than standard prices
D) standard prices change more frequently than standard quantities
Correct Answer:

Verified
Correct Answer:
Verified
Q13: The most effective means of presenting standard
Q34: If the actual direct labor hours spent
Q35: Hsu Company produces a part with a
Q36: Favorable volume variances may be harmful when:<br>A)
Q37: The following data is given for the
Q41: If the standard to produce a given
Q74: Define ideal and currently attainable standards. Which
Q83: A variable cost system is an accounting
Q85: Standards are set for only direct labor
Q104: The unfavorable volume variance may be due