What does a favorable direct materials cost variance indicate?
A) The actual quantity of direct materials used was less than the standard quantity.
B) The actual cost of direct materials purchased was less than the standard cost of direct materials purchased.
C) The actual cost of direct materials purchased was greater than the standard cost of direct materials purchased.
D) The actual quantity of direct materials used was greater than the standard quantity.
B
You might also like to view...
Export credit insurance protects an exporter against the possibility of a foreign importer's default on payment when there is a lack of a letter of credit
Indicate whether the statement is true or false.
Humor should not be used when introducing a presentation because it can be offensive to members of the audience
Indicate whether the statement is true or false