Question
There are favorable and unfavorable material price variances and material quantity variances discussed in this chapter. If there is an unfavorable materials quantity variance, it
There are favorable and unfavorable material price variances and material quantity variances discussed in this chapter. If there is an unfavorable materials quantity variance, it would indicate the following:
Multiple Choice
actual material price exceeds standard price.
standard material price exceeds actual price.
actual usage of material exceeds the standard material allowed for output.
standard material allowed for output exceeds the actual usage of material.
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
10th Edition
1119491630, 978-1119491637, 978-0470534793
