Explain the unfavorable for price and quantity variances, Accounting Basics

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Explain the unfavorable for price and quantity variances

Having troubles figuring this one out Thanks! Which one of the following statements is true? If the materials price variance is unfavorable, then the materials quantity variance must be favorable. Price and quantity variances move in the same direction. If one is favorable, the others will be as well. If the materials price variance is unfavorable, then the materials quantity variance must also be unfavorable. There is no correlation of favorable or unfavorable for price and quantity variances.

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Accounting Basics: Explain the unfavorable for price and quantity variances

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Accounting Basics: Explain the unfavorable for price and quantity variances

Reference No:- TGS0711658

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : What amount per unit should product

Q : Estimated that the raw materials

Q : Organizations record one month

Q : Explain at least three related accounting

Q : Explain the unfavorable for price and quantity variances

Q : How appropriate is it for the fasb to take the position

Q : Compute the total overhead variance and favorable

Q : How to determine the total materials variance

Q : How to calculate the standard cost of the ingredients

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Explain the unfavorable for price and quantity variances

Reference No:- TGS0711658

Recent Questions Asked Accounting Basics

Q : What amount per unit should product

Q : Estimated that the raw materials

Q : Organizations record one month

Q : Explain at least three related accounting

Q : Explain the unfavorable for price and quantity variances

Q : How appropriate is it for the fasb to take the position

Q : Compute the total overhead variance and favorable

Q : How to determine the total materials variance

Q : How to calculate the standard cost of the ingredients

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