Multiple Choice Question Review the following statements and select the one that best describes a discount period. Multiple choice question. The discount period is another name for the credit terms of a sale. The discount period is the time between a sale and when payment is due from the buyer. The discount period is the time period in which a discount may be taken by the buyer.

Turrubiates corporation makes a product that uses a material with the following standards standard quantity 8.0 liters per unit standard price $2.50 per liter standard cost $20.00 per unit the company budgeted for production of 3,800 units in april, but actual production was 3,900 units. the company used 32,000 liters of direct material to produce this output. the company purchased 20,100 liters of the direct material at $2.6 per liter. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for april is: