Both operating and financial leverage result in the magnification of return as well as risk

The purchasing agent of the Poplin, Inc. ordered materials of lower quality in an effort to economize on price. What variance will most likely result?

a. Favorable materials quantity variance b. Favorable total materials variance c. Unfavorable materials price variance d. Unfavorable labor quantity variance

Because we have two samples when testing the significance of the difference between two percentages instead of the one that we worked with for a hypothesis test, the standard error term is calculated differently, called the standard error of the

difference between two percentages. Indicate whether the statement is true or false