A Favorable Direct Materials Cost Variance Occurs When the Actual

question 134

True/False

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

---

Definitions:

Reactive Stance

An approach where actions are taken in response to events or situations rather than anticipating and planning for future occurrences.

Legislation

Laws and regulations enacted by governing bodies that govern how individuals and organizations operate within a society.

HR Managers

Individuals leading the human resources department, responsible for implementing HR policies, procedures, and strategies.

Canadian HR Trends

The evolving practices and norms in human resource management within Canada, reflecting changes in legislation, technology, and workforce expectations.