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Which of the following is a possible reason why actual prices might differ from standard prices, resulting in a direct materials price variance? The company
Which of the following is a possible reason why actual prices might differ from standard prices, resulting in a direct materials price variance?
The company may order more materials than it expects to use.
The company may receive more materials than ordered.
The vendors may change their prices as a result of changes in the market.
The company may purchase fewer materials than used.
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