Which of the following will be considered favorable to a purchasing manager during a variance analysis evaluation?
A) Actual material price is more than standard material price.
B) Standard labor rate is less than actual labor rate.
C) Standard material price is more than actual material price.
D) Actual labor hours are more than standard labor hours.
E) Actual labor quantity is more than standard labor quantity.
Correct Answer:
Verified
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A) benchmark cost
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