Multiple Choice
Which of the following could cause a debit balance in the direct material price variance accounts?
A) paying more than the standard price per unit for direct material
B) paying less than the standard price per unit for direct material
C) using more than the standard quantity of direct material
D) using less than the standard quantity of direct material
Correct Answer:

Verified
Correct Answer:
Verified
Q7: The matrix approach to variance analysis<br>A) will
Q19: The total materials variance is equal to
Q59: There could be instances where the production
Q64: The difference between actual overhead costs and
Q66: A good system of standard costing always<br>A)ensures
Q68: An unfavourable labour quantity variance may be
Q70: Which of the following statements about standard
Q71: The fixed overhead spending variance is calculated
Q72: Which of the following statements describes the
Q74: Which of the following is false?<br>A)The total