Question: Management accounting uses variance analysis to explain what and why something happened in the cost of producing products. It is done by comparing actual outcomes

Management accounting uses variance analysis to explain what and why something happened in the cost of producing products. It is done by comparing actual outcomes to expected, or standard, costs. What is the expectation when the price of raw materials unexpectedly decreases below the standard price? Multiple Choice Favorable quantity variance Favorable price variance Untuvorable price variance Unfavorable quantity Varlance

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