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

  1. 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

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