An unfavourable direct materials efficiency variance and a favourable direct materials price variance might indicate which of the following?
A) Less expensive, inferior materials requiring more than the standard amount were used in production
B) Less expensive, inferior materials requiring less than the standard amount were used in production
C) More expensive, superior materials requiring more than the standard amount were used in production
D) More expensive, superior materials requiring less than the standard amount were used in production
Correct Answer:
Verified
Q97: Good Roast roasts, grinds and bags of
Q98: McClean supplies restaurants with many sanitation supplies
Q99: Nadia Corporation, which manufactures straw hats, is
Q101: A company's purchasing department negotiates all of
Q103: A company uses milk in producing its
Q104: The direct materials flexible budget variance can
Q105: An unfavourable direct labour price variance and
Q106: What does a favourable direct materials efficiency
Q107: Raw material, ruined through mistakes during production,
Q141: Identify five benefits of standard costs.
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