Multiple Choice
A favorable direct materials price variance indicates which of the following?
A) The actual cost of materials purchased was greater than the standard cost of materials purchased.
B) The standard cost of materials purchased was less than the actual cost of materials purchased.
C) The Actual Quantity (AQ) of materials used was less than the standard quantity of materials used for actual production.
D) The standard cost of materials purchased was greater than the actual cost of materials purchased.
Correct Answer:
Verified
Correct Answer:
Verified
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