The standard price for direct materials is used in the calculation of which variances ? Neither the price variance nor the quantity variance The quantity variance but not the price variance Both the price variance and the quantity variance The price variance but not the quantity variance
The standard price for direct materials is used in the calculation of which variances ? Neither the price variance nor the quantity variance The quantity variance but not the price variance Both the price variance and the quantity variance The price variance but not the quantity variance
Chapter8: Standard Costs And Variances
Section: Chapter Questions
Problem 6EA: Use the information provided to answer the questions. All material purchased was used in production....
Related questions
Question
The standard price for direct materials is used in the calculation of which variances ?
Neither the price variance nor the quantity variance
The quantity variance but not the price variance
Both the price variance and the quantity variance
The price variance but not the quantity variance
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