On March 31, the purchasing manager at Reynold Plastics purchased a greater quantity of raw materials than
Question:
On March 31, the purchasing manager at Reynold Plastics purchased a greater quantity of raw materials than budgeted and paid the standard price for the raw materials. Which variance is directly impacted by the March 31 purchase?
a. Materials price variance
b. Materials quantity variance
c. Both of the variances will be directly impacted.
d. Neither of the variances will be directly impacted.
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