Multiple Choice
Which of the following could be the cause of a favourable materials price variance?
A) The price of materials in the original budget was set too high.
B) A discount on the purchase of materials.
C) Well-trained production workers.
D) Both A and B.
Correct Answer:
Verified
Correct Answer:
Verified
Q15: Use the information below to answer
Q16: How can a budget help in decision
Q17: Where budget targets have proven to be
Q18: Use the information below to answer
Q19: Where there is a significant favourable variance
Q21: The adverse (unfavourable)variance is:<br>A)Budgeted payment for rent
Q22: Budget targets should be:<br>A)achievable.<br>B)easy.<br>C)challenging and achievable.<br>D)loose and
Q23: Which statement about the uses of budgets
Q24: Which budget criticism can be dealt with
Q25: How is a budget best defined?<br>A)as a