A Favorable Direct Materials Cost Variance Occurs When the Actual

question 169

True/False

A favorable direct materials cost variance occurs when the actual direct materials cost incurred is greater than the standard direct materials cost.

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Definitions:

Recognized

Identified or acknowledged for one's achievements, qualities, or status.

Quality

The degree of excellence of a thing; a virtue resulting from superior form, function, beauty, utility, fit, and other valuable attributes; the character of a person or thing that makes it desirable. See excellence.

Time Factors

Elements that influence the timing and duration of processes or events, affecting planning and decision-making in various contexts.

Workable Approaches

Practical and feasible methods or strategies that can be successfully applied to achieve goals.