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Question 2 5 1 0 pts Management accounting uses variance analysis to explain what and why something happened in the cost of producing products. It
Question pts Management accounting uses variance analysis to explain what and why something happened in the cost of producing products. It is done by comparing actual outcomes to expected, or standard, costs. What is the expectation when the number of raw materials unexpectedly decreases below the standard quantity used in a production process? Unfavorable price variance Favorable price variance Unfavorable quantity variance Favorable quantity variance 
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Management accounting uses variance analysis to explain what and why something happened in the cost of producing products. It is done by comparing actual outcomes to expected, or standard, costs. What is the expectation when the number of raw materials unexpectedly decreases below the standard quantity used in a production process?
Unfavorable price variance
Favorable price variance
Unfavorable quantity variance
Favorable quantity variance
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
