The Flexible Budget Breaks Down into the Price and Quantity

question 42

Essay

The flexible budget breaks down into the price and quantity variances for direct materials.
Required:
a.List two reasons why actual prices might differ from standard prices,resulting in a direct materials price variance.
b.List two reasons why actual materials usage might differ from standard material usage,resulting in a direct materials quantity variance.
Unit 6-2,

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Definitions:

"Down Regulate"

This term refers to the process of reducing or suppressing the activity of a biological function or response at the cellular or molecular level.

Retreat

An act of moving back or withdrawing, often used figuratively to describe a withdrawal from challenging situations or commitments for reflection or recovery.

Dyadic Friendship

A close emotional bond between two individuals, characterized by mutual affection and a sense of alliance or partnership.

Developmental Functions

Various physiological and psychological tasks and processes that contribute to the growth or progress of an organism, particularly across different stages of life.