Multiple Choice
Which of the following situations may lead to a favorable direct materials price variance?
A) The purchasing manager was able to negotiate a lower purchase price for raw materials.
B) A vendor shipped a greater quantity of raw materials than ordered.
C) The purchasing manager paid a premium price for a higher quality of raw materials.
D) Raw materials waste was substantially reduced in the factory.
Correct Answer:
Verified
Correct Answer:
Verified
Q111: If the Standard Quantity Allowed (SQA)for direct
Q112: The Armstrong Corporation developed a flexible budget
Q113: A quantity (efficiency)variance for production inputs (materials
Q114: Nexus Industries uses a standard costing system
Q115: Michael Corporation manufactures railroad cars, which is
Q117: Which term below is best paired with
Q118: At lean companies, employees tend to be
Q119: The _ department may be responsible to
Q120: The managerial accountant at Aquatics Pools and
Q121: When auto manufacturer BMW purchased the Rolls-Royce