Which of the following statements is correct?

Which one of the following statements is correct (true)? 1 Multiple Choice 00:59:09 Material price variances are often isolated at the time materials are purchased, rather than when they are placed into production, to facilitate earlier recognition of variances. In general, the production manager is responsible for the materials price variance, When the materials price variance is recorded at the time of purchase, raw materials are recorded at the actual cost paid Waste on the production line will result in an unfavorable materials price variance