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    Financial and Managerial Accounting Study Set 8
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    Exam 24: Standard Cost Systems
  5. Question
    If the Actual Cost Per Pound of Direct Material Is
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If the Actual Cost Per Pound of Direct Material Is

Question 84

Question 84

Multiple Choice

If the actual cost per pound of direct material is less than the standard cost per pound,there is:


A) A favorable materials price variance.
B) An unfavorable materials price variance.
C) A favorable materials quantity variance.
D) A favorable total materials variance.

Correct Answer:

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