When the Actual Cost of Direct Materials Used Exceeds the Standard

question 100

True/False

When the actual cost of direct materials used exceeds the standard cost, the company must have experienced an unfavorable direct materials price variance.

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Definitions:

Flextime

A flexible working hours policy allowing employees to adjust their start and end times within agreed limits based on their needs and preferences.

Rotating Schedule

A work schedule that rotates or changes the hours, days, or shifts that an employee works, often used to cover various parts of a 24/7 operation.

Flextime

A flexible working hours policy that allows employees to tailor their work schedule around a core period of mandatory working hours.