Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Handbook Of Communication Audits For Organisations

Authors: Owen D.W. Hargie, Dennis Tourish

1st Edition

0415186420, 978-0415186421

More Books

Students also viewed these Accounting questions

Question

1.1 Define psychology.

Answered: 1 week ago

Question

c. What groups were least represented? Why do you think this is so?

Answered: 1 week ago

Question

7. Describe phases of multicultural identity development.

Answered: 1 week ago