According to the text, a scatter diagram is also known as a ________

When a manufacturing company uses a standard cost system, an unfavorable variance is a contra expense

Indicate whether the statement is true or false

A manufacturer, using a standard cost system, purchased 250 units of direct materials at a cost of $2 per unit

The standard cost per unit of direct materials is $1.85. Prepare the journal entry to record the direct materials cost variance at the time of purchase. What will be an ideal response