When the quantity of materials purchased is not equal to the quantity of material used, most companies base the calculation of the material quantity variance on the:
A) quantity of direct materials purchased.
B) quantity of direct materials spoiled.
C) quantity of direct materials that should have been used in achieving actual production.
D) quantity of direct materials actually used.
E) None of the answers is correct.
Correct Answer:
Verified
Q34: Which of the following individuals is least
Q35: Which of the following variances are most
Q36: A favorable labor rate variance is created
Q37: Which of the following would be considered
Q38: Most companies base the calculation of the
Q40: Which of the following are methods for
Q41: Use the following data that relate to
Q42: Use the following information to answer the
Q43: Use the following information to answer the
Q44: Storkin Enterprises recently used 24,000 labor hours
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents