Multiple Choice
Which of the following could be a reason for a favorable material price variance?
A) the purchasing manager bargaining effectively with suppliers
B) the purchasing manager giving orders for small quantity to reduce storage cost
C) the purchasing manager accepting a bid from the highest-priced supplier to ensure the quality of material
D) the personnel manager hiring underskilled workers
Correct Answer:

Verified
Correct Answer:
Verified
Q2: An unfavorable sales-volume variance could result from
Q3: To prepare budgets based on actual data
Q4: Which of the following is a disadvantage
Q5: Mid City Products Inc. (MCP), developed standard
Q6: A firm's inefficiencies, such as the wastage
Q8: Daniels Corporation used the following data to
Q9: Expected performance is also called budgeted performance.
Q10: Better Products Inc. planned to use $36
Q11: The actual information pertains to the month
Q12: The price variance is the difference between