A favorable variance of direct materials cost occurs when the actual direct materials cost incurred is more than the standard direct materials cost determined.

Name: A favorable variance of direct materials cost occurs when the actual direct materials cost incurred is more than the standard direct materials cost determined.
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Question

Quizplus · Accepted Answer

A favorable variance of direct materials cost occurs when the actual direct materials cost incurred is less than the standard direct materials cost determined.

A Favorable Variance of Direct Materials Cost Occurs When the Actual