Which of the following could be the cause of a favourable materials price variance?
A) the price of materials in the original budget was set too high
B) a discount on the purchase of materials
C) well-trained production workers
D) A and B
Correct Answer:
Verified
Q1: A master budget is best described as:
A)
Q2: If 'other expenses' in the profit and
Q4: A budget can help in decision-making by:
A)
Q5: The Gel Company, a hair products wholesaler,
Q6: Where budget targets have proven to be
Q7: One of the approaches to setting budgets
Q8: The reconciliation between budgeted profit and actual
Q9: The Talent Agency had the following estimates
Q10: The debtor's budget shows the planned amount
Q11: Which of these is not a limitation
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