Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

of the following is not true concerning direct materials variances? The materials price variance always uses the actual quantity of materials used rather than the

of the following is not true concerning direct materials variances? The materials price variance always uses the actual quantity of materials used rather than the actual quantity of materials purchased The materials price variance uses the actual quantity of materials purchased rather than the actual x quantity of materials used Separate materials variances can be computed for each type of material used The materials usage variance uses the actual quantity of materials used. The sum of the price and usage variances will add up to the total materials variance only if the materials purchased is equal to the materials used

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Effective Writing A For Accountants

Authors: Claire B. May, Gordon S. May

11th Edition

0134667387, 9780134667386

More Books

Students also viewed these Accounting questions