Assume when you calculated direct material price variance, you found that actual costs of direct material used is greater than the material budgeted costs based on actual units purchased and used In this case the material price variance is 1 Unfavorable 2 Favorable 3 Significant 4 Positive ...

1 Unfavorable is the correct answer The material price variance is unfavorabl ...

Assume when you calculated direct material price variance, you found that actual costs of direct material used

Fantastic news! We've Found the answer you've been seeking!

Question:

Assume when you calculated direct material price variance, you found that actual costs of direct material used is greater than the material budgeted costs based on actual units purchased and used. In this case the material price variance is

1.Unfavorable

2.Favorable

3.Significant

4.Positive

Related Book For answer-question

Macroeconomics Principles, Applications, and Tools

ISBN: 978-0132555234

7th Edition

Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez

See More Books

Posted Date: Apr 28, 2022 11:58 PM

See More Questions

When the condensation rate is greater than the evaporation rate, what happens to the air?
What if the arrival rate is greater than the service rate for a particular operation? Discuss the short -term and long-term consequences of a waiting line?
1. The multiplier for taxes is greater than the multiplier for government spending. _______ (True/False) 2. A decrease in the tax rate will_______ the government spending multiplier. 3. Economic...
Suppose that a client performs an intermixed sequence of push and pop operations on a pushdown stack. The push operations insert the integers 0 through 9 in order onto the stack; the pop operations...
Construct the production possibilities frontier for an economy just like the one described in Problem 14, except that its endowment of capital is 200 units.
Consider again the problem of estimating the mean age, , of all people in the civilian labor force. In Example 8.7 shown below, we found that a sample size of 2250 is required to have a margin of...
In your interim work on the sales transactions of the Carlean Company, you elect to use the attributes shown in Figure 7-7. Assume, however, the following: The population consists of 7,000...
On January 1, 2014, QuickPort Company acquired 90 percent of the outstanding voting stock of NetSpeed, Inc., for $810,000 in cash and stock options. At the acquisition date, NetSpeed had common stock...
complete the following table. (Round the discount factors to 3 decimal places and final answers to the nearest whole dollar.) Answer is complete but not entirely correct. Annual Deposit Rate of...
Noble plc, a listed company, has for a number of years paid an annual dividend of 90p per share on its 200,000 ordinary shares, which have a total market value of 930,000 cum div. The next annual...
Write a Java program that prints a list of the names of all the geosynchronous satellites with each name preceded by the 4 digit launch year. Write a mean_motioin() method that returns the Mean...
Established in 1891 in Holland, Philips is one of the worlds oldest multinationals. The company began making lighting products and over time diversified into a range of businesses that included...
What are the values of control signals generated by the control in Figure 4.2 for this instruction? Figure 4.2 Different instructions utilize different hardware blocks in the basic single-cycle...
Consider an open economy with flexible exchange rates. Suppose output is at the natural level, but there is a trade deficit. The goal of policy is to reduce the trade deficit and leave the level of...
Assume that expected inflation remains equal to the central bank's target rate of inflation. In the discussion of the Phillips curve, it was noted that expected inflation was, for some time, equal to...
Fixed exchange rates and foreign macroeconomic policy Consider a fixed exchange rate system, in which a group of countries (called follower countries) peg their currencies to the currency of one...
Your department made $1,500,000.00 million dollars in sales last year. This year the goal is to increase sales by 10%. What is the new sales goals in dollars?
What is the amount of total interest dollars earned on a $5,000 deposit earning 6% for 20 years?
1. Arrow up or down: In Figure, rent control _____ the quantity of apartments, _____ producer surplus, _____ consumer surplus, and _____ the total market surplus. 2. In Figure, rent control prevents...
1. A change in demand causes a ____ (movement along/shift of) the demand curve. A change in quantity demanded causes a ______ (movement along/ shift of ) the demand curve. 2. Circle the variables...
1. The dollar _______ against the euro when the European central bank lowers interest rates. 2. If the dollar appreciates against the euro, then the euro also _______ against the dollar. 3. The...
The $x$ component of a car's velocity increases from 0 to $+5.0 \mathrm{~m} / \mathrm{s}$ in $1.0 \mathrm{~s}$, and then from $+5.0 \mathrm{~m} / \mathrm{s}$ to \(+10 \mathrm{~m} /...
Describe how to determine the $x$ component of the position of an object at a specific instant, given (a) a graph of position $x$ as a function of time $t$ and (b) an equation for $x(t)$.
In an $x(t)$ curve, what is the significance of a steep slope as opposed to a gentle slope? What is the significance of a curve that slopes downward as you move from left to right along the time...

Assume when you calculated direct material price variance, you found that actual costs of direct material used

Question:

Expert Answer:

1 Unfavorable is the correct answer The material price variance is unfavorabl... View the full answer

Macroeconomics Principles, Applications, and Tools

Students also viewed these accounting questions