Question
Which of the following is not true of variances? A. Material spending (total) variance = Price variance + Quantity variance. B. Spending (total) variance =
Which of the following is not true of variances?
| A. | Material spending (total) variance = Price variance + Quantity variance. | |
| B. | Spending (total) variance = Actual cost Standard cost | |
| C. | If a cost variance is negative, it is favorable. | |
| D. | (Price variance) X (Quantity variance) < 0 |
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Financial Accounting Concepts And Applications
Authors: K. Fred Skousen, James D. Stice, Earl Kay. Stice, W. Steve Albrecht
7th Edition
0538876255, 978-0538876254
