Byron Products Has a Favourable Materials Price Variance

question 60

Multiple Choice

Byron Products has a favourable materials price variance.Which of the following would be the least likely reason for this variance?

• A) The company overbudgeted the standard price for materials.
• B) The company took advantage of purchase discounts from their suppliers.
• C) The company's employees were more efficient with the use of their production time.
• D) The company purchased a substandard material at a cheaper price.

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Definitions:

Problem Solving

The process of identifying a problem, devising and implementing a solution, and evaluating the outcome.

Family Engagement

The involvement of families in their children's education and learning, recognizing their value as partners in educational success.

Behavioral Challenges

Behavioral Challenges refer to difficulties or disorders that affect an individual's behavior, often manifesting as disruptive, aggressive, or non-compliant actions in various settings.

Shared Problem-Solving

A collaborative process in which two or more individuals work together to find solutions to mutual challenges or issues.