Byron Products Has a Favorable Materials Price Variance

question 7

Multiple Choice

Byron Products has a favorable materials price variance. Which of the following would be the least likely reason for this variance?

• A) The company over budgeted the standard price for materials.
• B) The company took advantage of quantity discounts from its suppliers.
• C) The company's employees were more efficient with the use of their production time.
• D) The company purchased a substandard material at a cheaper price.

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Definitions:

Decreasing

Becoming less in size, quantity, or frequency over time.

Middle Eastern Parents

refers to guardians or caretakers from countries in the Middle East, often characterized by cultural norms and values unique to the region.

Domestic Chores

Tasks and activities conducted in the maintenance of a household, such as cleaning, cooking, and laundry, traditionally performed by members of the household.

Scold

To rebuke or criticize someone angrily.