The direct labour price (rate) and direct labour quantity(efficiency) variance are related such that when the...
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The direct labour price (rate) and direct labour quantity(efficiency) variance are related such that when the direct labour price (rate) variance is unfavorable, the latter will also be unfavorable. True False The flexible budget variance for direct materials can be calculated by adding the direct material price and quantity variances together when the amount purchased differs from the amount used True False Standard quantity is used when calculating the direct materials quantity variance but is not used when calculating the direct materials price variance. True False The direct labour price (rate) and direct labour quantity(efficiency) variance are related such that when the direct labour price (rate) variance is unfavorable, the latter will also be unfavorable. True False The flexible budget variance for direct materials can be calculated by adding the direct material price and quantity variances together when the amount purchased differs from the amount used True False Standard quantity is used when calculating the direct materials quantity variance but is not used when calculating the direct materials price variance. True False
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Ans False The two Variance ie direct labour rate and direct la... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0176223311
1st Canadian Edition
Authors: Karen Wilken Braun, Wendy Tietz, Walter Harrison, Rhonda Pyp
Posted Date:
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