Multiple Choice
What does a favorable direct materials cost variance indicate?
A) The actual quantity of materials used was less than the standard quantity.
B) The actual cost of materials purchased was less than the standard cost of materials purchased.
C) The actual cost of materials purchased was greater than the standard cost of materials purchased.
D) The actual quantity of materials used was greater than the standard quantity.
Correct Answer:
Verified
Correct Answer:
Verified
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