Which one of the following statements is true? Select one: a. If the materials price variance is unfavorable, then the materials quantity variance must also be unfavorable. b. If the materials price variance is unfavorable, then the materials quantity variance must be favorable. c. Price and quantity variances move in the same direction. If one is favorable, the others will be as well. d. There is no correlation of favorable or unfavorable for price and quantity variances. Check
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which one of the following statements is true? Select one: a. If the materials price variance is unfavorable, then the materials quantity ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which factors could cause the largest increase in the effective population size of a species?
Answers (1)
Arguments for the specific identification method are as follows: (1) It provides an accurate and ideal matching of costs and revenues because the cost is specifi-cally identified with the sales price.
Answers (1)
It costs less to purchase a used car than a new car because 1. used cars are less stylish. 2. options cannot be chosen on a used car. 3. used cars are more likely to need repairs. 4. lack of demand drives prices down.
Answers (2)
Explain briefly whether each of the following would cause GDP to overstate or understate the degree of change in the broad standard of living. a. The environment becomes dirtier. b. The crime rate declines. c.
Answers (1)
Goods a company acquires to use in making products are called: Select one: a. Cost of goods sold. b. Raw materials inventory. c. Finished goods inventory. d. Work in Process inventory. e. Conversion costs.
Answers (1)
New Questions in Business
Samuel is working on his annotated bibliography. While writing his annotations, he copies and pastes materials from his sources into his annotations without using quotation marks. This is
Answers (1)
Vanessa's snowboard manufacturing company has encountered problems with one of its computerized decal makers. Vanessa might get someone from the Maintenance, Installation and Repair Pathway of the Manufacturing career cluster to fix the issue.
Answers (1)
You can save $3,000 per year for the next five years in an account earning 8 percent per year. how much will you have at the end of the fifth year if you make the first deposit today? (do not round intermediate calculations.
No Answers
Where did the demand for national prohibition originate?
Answers (1)
Journalize the following transactions using the allowance method of accounting for uncollectible receivables. April 1 Sold merchandise on account to Jim Dobbs, $6,800. The cost of the merchandise is $6,700.
Answers (1)