Question: Question 1:- If the material cost variance is favourable, it means: a) Material price and usage variance both are positive b) Material price variance is

Question 1:- If the material cost variance is favourable, it means:

a) Material price and usage variance both are positive

b) Material price variance is favourable value and is higher than the material usage variance which is unfavourable

c) Only B

d) Both A & B

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