The amount of direct materials purchased is usually equal to the amount of direct materials used in production that period.

True

False

The direct materials price variance is found by the following equation: Actual Quantity Used in Production (Actual Price - Standard Price)

True

False

A direct materials price variance is unfavorable if the price paid per unit is greater than the standard price per unit.

True

False

Using higher-quality materials in production can help to reduce an unfavorable direct materials efficiency variance.

True

False