Favorable Price Variances Can Occur Because of

question 6

Multiple Choice

Favorable price variances can occur because of

• A) Rising prices of finished goods
• B) Increases in raw materials efficiency
• C) Price decreases in raw materials
• D) Efficiency in the production department

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Definitions:

Capital

Financial assets or the value of assets owned by a business, used in producing goods or services or invested to generate income.