When recording direct materials purchased, what does an unfavorable direct materials cost variance represent? Will this variance have a debit or credit balance?
What will be an ideal response
An unfavorable direct materials cost variance means more cost has been incurred than planned. This variance will have a debit balance.
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Scott was going out of town on a business trip. He lived in a bad neighborhood, so he wanted to
leave his car in his friend Lori's driveway for safekeeping. Lori agreed to allow Scott to do this for no charge. Scott gave Lori the keys in case the car had to be moved. While Scott was away, the car was stolen through no fault of Lori's. Scott now sues Lori for the value of his car. What result? A) Lori is not liable; she owed no duty since this was a gratuitous bailment. B) Lori is not liable; she owned duty of slight care, which she did not meet. C) Lori is not liable; she owed a duty of slight care, which she met. D) Lori is liable; she owed a duty of reasonable care, which she did not meet. E) Lori is liable; she owed a duty of utmost care, which she did not meet.
For a relationship to be considered a binary relationship it must satisfy which of the following conditions?
A) It must involve exactly two entity classes. B) It must have a maximum cardinality of 1:1. C) It must have a maximum cardinality of 1:N. D) Both A and B are correct