A Favorable Price Variance for Direct Materials Indicates That

question 119

Multiple Choice

A favorable price variance for direct materials indicates that:

• A)a lower price than expected was paid for materials.
• B)a higher price than expected was paid for materials.
• C)less material was used during production than planned for actual output.
• D)more material was used during production than planned for actual output.

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Definitions:

Faint

A sudden and brief loss of consciousness, often due to a decrease in blood flow to the brain.

Phobias

Persistent, irrational fears of specific objects, activities, or situations that lead to a desire to avoid them.

Persistent

Enduring over a prolonged period; continuing to exist or occur, especially in spite of difficulty or opposition.

Irrational Fear

An excessive or unreasonable fear response to a particular object, situation, or activity that poses little to no actual danger.