Multiple Choice
A favorable materials price variance will occur when:
A) Actual costs of materials were less than budgeted
B) More material was used than was budgeted
C) Actual cost of materials were greater than budgeted
D) Less material was used than was budgeted
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: The primary limitations of variance analysis pertain
Q2: The two major components of the total
Q3: Which of the following would not result
Q4: The following material budgets have been
Q6: The starting point for preparing a monthly
Q7: Which of the following would lead to
Q8: Which of the following is not a
Q9: The formula for calculating an input price
Q10: The primary limitations of variance analysis pertain
Q11: Small variances probably indicate random factors at