Question
Which of the following statements about direct material variances are likely to be true? Differences between the actual production level and budgeted (expected) production level
Which of the following statements about direct material variances are likely to be true?
Differences between the actual production level and budgeted (expected) production level is NOT a reason why direct materials quantity (or efficiency) variances arise.
A direct materials quantity (or efficiency) variance can arise due to factors outside the production manager's control
A direct materials quantity (or efficiency) variance will arise if the organisation manages to negotiate a better price for its materials compared to what it had expected when constructing the static budget Group of answer choices
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