Question: The direct materials usage ratio for a given period is: Defined as the ratio of quantity purchased to quantity used. Entered into its own variance

The direct materials usage ratio for a given period is: Defined as the ratio of quantity purchased to quantity used. Entered into its own variance account at the end of the period. A useful indicator of performance by the manufacturing department. A useful indicator of performance of the purchasing department. Defined as the inverse of the materials quantity variance for the period.

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