Question
If the budgeted activity level is greater than the actual activity level, then the total budgeted costs of the master budget will be greater
If the budgeted activity level is greater than the actual activity level, then the total budgeted costs of the master budget will be greater than the total budgeted costs of the flexible budget. True or False True False It is possible to have a favorable direct material price variance and an unfavorable direct material efficiency variance. True or False True False
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Cornerstones of Managerial Accounting
Authors: Mowen, Hansen, Heitger
3rd Edition
978-0324660135
