True/False
When the actual cost of direct materials used exceeds the standard cost, the company must have experienced an unfavorable direct materials price variance.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q95: A fixed budget is also called a
Q96: A standard that takes into account the
Q97: Claremont Company specializes in selling refurbished copiers.
Q98: The following information relating to a
Q99: Fletcher Company collected the following data
Q101: The following information comes from the
Q102: Levelor Company's flexible budget shows $10,710 of
Q103: Standard costs can be used by management
Q104: A volume variance occurs when the company
Q105: Within the same flexible budget performance report,