Answered step by step
Verified Expert Solution
Question
1 Approved Answer
need help on both please Question 34 (1 point) Which of the following statements is true? All of the above are true. When actual costs
need help on both please
Question 34 (1 point) Which of the following statements is true? All of the above are true. When actual costs exceed standard costs, the variance is favorable An unfavorable variance results when actual costs are decreasing but standards are not changed Variances are the differences between total actual costs and total standard costs. Questioh 35 (1 point) Scorpion Production Company planned to use 1 yard of plastic per unit budgeted at $81 a yard. However, the plastic actually cost $80 per yard. The company actually made 3.900 units, although it had planned to make only 3,300 units. Total yards used for production were 3,960. How much is the total materials variance? $4,860 U $3,960 F $900 U $48,600 U Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started