Answered step by step
Verified Expert Solution
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
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