Question
What does it mean that Finished goods and work in process inventories are insignificant and can be ignored? Should I compute the the material price
What does it mean that "Finished goods and work in process inventories are insignificant and can be ignored"? Should I compute the the material price variance on the actual quantity purchased and the materials quantity variance on the actual quanity used? Or this means that they both should be computed with the quantity purchased?
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Accounting and Auditing Research Tools and Strategies
Authors: Thomas Weirich, Thomas Pearson, Natalie Tatiana
9th edition
1119441915, 1119441919, 978-1-119-3737, 9781119373629 , 978-1119441915
