Question: 1 . The materials price variance is computed based on the amount of materials purchased during the period . 2 . The standard price per
The materials price variance is computed based on the amount of materials purchased during the period The standard price per unit for direct materials should reflect the final, delivered cost of the materials In general, the production manager is responsible for the materials price variance An unfavorable materials quantity variance occurs when the actual quantity used in production is less than the standard quantity allowed for the actual output of the period.Multiple ChoiceBoth statements and are true.None of the statements are true.All of the statements are true.Both statements and are true.
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