Unfavorable material quantity variance problem, Accounting Basics

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Unfavorable material quantity variance problem

An unfavorable material quantity variance indicates that:

a. actual usage of material exceeds the standard material allowed for output.

b. standard material allowed for output exceeds the actual usage of material.

c. actual material price exceeds standard price.

d. standard material price exceeds actual price.

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Accounting Basics: Unfavorable material quantity variance problem

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Accounting Basics: Unfavorable material quantity variance problem

Reference No:- TGS045843

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Electrical cost is a mixed cost that depends on machine-hour

Q : Transfer price as far as the selling division is concerned

Q : Problem on break-even point and margin of safety

Q : Manufacturing overhead in the production of a wooden table

Q : Unfavorable material quantity variance problem

Q : Computing pre-determined overhead rate

Q : Basics of management accounting

Q : Compute john and sally taxable income

Q : Statistical methods are more favorable

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Unfavorable material quantity variance problem

Reference No:- TGS045843

Recent Questions Asked Accounting Basics

Q : Electrical cost is a mixed cost that depends on machine-hour

Q : Transfer price as far as the selling division is concerned

Q : Problem on break-even point and margin of safety

Q : Manufacturing overhead in the production of a wooden table

Q : Unfavorable material quantity variance problem

Q : Computing pre-determined overhead rate

Q : Basics of management accounting

Q : Compute john and sally taxable income

Q : Statistical methods are more favorable

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