Question: From the variance analysis we find a favorable material price variance of 280 and an unfavorable quantity variance of 180. Based on these variances, which

From the variance analysis we find a favorable material price variance of €280 and an unfavorable quantity variance of €180. Based on these variances, which of the following statements is true?

a) The actual unit price for materials is lower than the standard unit price.

b) The actual usage of materials was less the standard allowed.

c) More material was purchased than there were used.

d) More materials were used than purchased.r

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