Question
1. A favorable direct materials price variance and an unfavorable direct labor efficiency variance could indicate that the company got a price break on their
1. A favorable direct materials price variance and an unfavorable direct labor efficiency variance could indicate that the company got a price break on their purchased materials and but they used more materials than planned.
True or False
2. The standard for the direct labor rate per hour does not include fringe benefits such as health care insurance and vacations.
True or False
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Principles Of Auditing And Other Assurance Services
Authors: Ray Whittington, Kurt Pany
21st Edition
978-1259916984
