If Actual Price Per Unit of Materials Is Greater Than

question 10

Short Answer

If actual price per unit of materials is greater than the standard price per unit of materials, the direct materials price variance is____________ .

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Definitions:

Justifiably Relies

A principle where a party reasonably depends on the statements or actions of another, typically in a legal or contractual context.

Remaining Partners

The partners who continue the business after one or more partners depart.

Dissolution

The process of formally ending or dissolving a business or partnership, often through legal means.

Liquidated

Process of converting assets into cash or to settle a debt.