List three causes of a favourable materials price variance.
Answer to relevant QuestionsDescribe why direct materials price variance and direct materials efficiency variance may be computed with reference to different points in time. French Bread Company has two direct-cost categories: direct materials and direct manufacturing labour. Variable manufacturing overhead is allocated to products on the basis of standard direct manufacturing labour-hours ...Furniture Inc. specializes in the production of futons. It uses standard costing and flexible budgets to account for the production of a new line of futons. For 2013, budgeted variable overhead at a level of 3,200 standard ...Nolton Products uses standard costing. It allocates manufacturing overhead (both variable and fixed) to products on the basis of standard direct manufacturing labour-hours (DLH). Nolton develops its manufacturing overhead ...Rollie Manufacturing makes, among other things, wheels for roller skates. Manufacturing Department B receives plastic wheel casings from Manufacturing Department A and puts them on axles along with some ball bearings. The ...
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