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Manufacturing management was not able to control production at budgeted costs but purchasing w keep at budgeted price. Manufacturing management was able to control production cost at budgeted costs. O Manufacturing management was unable to keep production costs at budgeted costs.

Manufacturing management was not able to control production at budgeted costs but purchasing w keep at budgeted price. Manufacturing management was able to control production cost at budgeted costs. O Manufacturing management was unable to keep production costs at budgeted costs.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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In gross profit analysis, if the cost variance is zero, such variance indicates that; * Manufacturing management was not able to control production at budgeted costs but purchasing was able to keep at budgeted price. Manufacturing management was able to control production cost at budgeted costs. Manufacturing management was unable to keep production costs at budgeted costs. Manufacturing management was able to control production cost below budgeted costs
Transcribed Image Text:In gross profit analysis, if the cost variance is zero, such variance indicates that; * Manufacturing management was not able to control production at budgeted costs but purchasing was able to keep at budgeted price. Manufacturing management was able to control production cost at budgeted costs. Manufacturing management was unable to keep production costs at budgeted costs. Manufacturing management was able to control production cost below budgeted costs
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