Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Answer the questions...no need detail explanation Question 1 Under a standard cost system, the materials price variances are usually the responsibility of the: Select one:

image text in transcribedimage text in transcribedimage text in transcribed

Answer the questions...no need detail explanation

Question 1

image text in transcribedimage text in transcribedimage text in transcribed
Under a standard cost system, the materials price variances are usually the responsibility of the: Select one: a. engineering manager. b. purchasing manager. c. sales manager. do production manager.An unfavorable materials quantity variance indicates that: Select one: O a. standard material allowed for output exceeds the actual usage of material. O b. actual material price exceeds standard price. c. actual usage of material exceeds the standard material allowed for output. O d. standard material price exceeds actual price.A favorable materials price variance coupled with an unfavorable material usage variance would MOST likely result from: Select one: a. changes in the product mix. b. problems with processing machines. O c. problems with labor efficiency. O d. the purchase of low quality materials

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting A Critical Approach

Authors: John Friedlan

4th edition

1259066525, 978-1259066528

Students also viewed these Accounting questions

Question

Explain Galens pneuma concept of the soul.

Answered: 1 week ago