A Favorable Materials Price Variance Coupled with an Unfavorable Material

question 31

Multiple Choice

A favorable materials price variance coupled with an unfavorable material usage variance would MOST likely result from:

• A) problems with processing machines.
• B) the purchase of low quality materials.
• C) problems with labor efficiency.
• D) changes in the product mix.

---

Definitions:

Limitations

Constraints or restrictions that hinder performance, capabilities, or outcomes.

Crisis Communication Plan

A strategic document or approach developed by an organization to prepare for, respond to, and recover from any emergency or unexpected event that could harm its operations, reputation, or stakeholders.

Social Conditions

The societal factors and circumstances that impact individuals' lives and societal interactions, including economic, cultural, and environmental factors.

Edelman's Trust Barometer

A global survey conducted by Edelman that measures public trust in institutions such as businesses, governments, NGOs, and media.