Ask Question
31 January, 03:50

A favorable direct materials price variance and an unfavorable direct materials quantity variance might indicate which of the following? A. More expensive, superior materials requiring less 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. Less expensive, inferior materials requiring more than the standard amount were used in production.

+4
Answers (1)
  1. 31 January, 06:19
    0
    Answer: B. Less expensive, inferior materials requiring less than the standard amount were used in production.

    Explanation: Direct material price variance is the difference in actual material spend on direct material purchased in a give period of time and the amount that would have been spent if the material had been acquired at a standard price.

    The favorable direct material price variance and an unfavorable direct materials quantity variance will indicate a" less expensive, inferior material requiring less than the standard amount were used in production".
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A favorable direct materials price variance and an unfavorable direct materials quantity variance might indicate which of the following? A. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers