An Unfavorable Price Variance for Materials Means That

question 85

Multiple Choice

An unfavorable price variance for materials means that

• A)the actual cost of the materials was more than the standard cost.
• B)more materials were used in production than anticipated.
• C)more labor hours were required to work with the materials than expected.
• D)the actual cost of the materials was more than the budgeted amount.

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Definitions:

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