Multiple Choice
Which of the following is true regarding variances?
A) Unfavorable variances occur whenever actual prices or actual usage of inputs are greater than standard prices or standard usage.
B) Favorable variances occur whenever actual prices or actual usage of inputs are greater than standard prices or standard usage.
C) Unfavorable variances are always credits.
D) Favorable variances are always debits.
E) None of these.
Correct Answer:
Verified
Correct Answer:
Verified
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