A company has a direct materials purchase price variance that is $$10,000$ favorable. The most likely cause for this variance is that

Question $22$ options:

$1)$

Direct materials were purchased at a price per unit less than planned

$2)$

Direct materials were used at a rate less than planned

$3)$

Direct materials were purchased at a price per unit greater than planned

$4)$

Direct materials were used at a rate greater than planned