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Byron Products has a favourable materials price variance. Which of the following would be the least likely reason for this variance? The company overbudgeted the
Byron Products has a favourable materials price variance. Which of the following would be the least likely reason for this variance?
The company overbudgeted the standard price for materials | ||
The companys employees were more efficient with the use of their production time. | ||
The company purchased a substandard material at a cheaper price. | ||
The company took advantage of purchase discounts from their suppliers |
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