Question: Under Standard Costing System, if the journal entry to record usage of direct materials include a credit to direct material usage variance, it means that

Under Standard Costing System, if the journal entry to record usage of direct materials include a credit to direct material usage variance, it means that *

1 point

Actual price of direct material is higher than the standard price

Actual price of direct material is lower than the standard price

Actual direct materials used is higher than the standard quantity of direct materials

Actual direct materials used is lower than the standard quantity of direct materials

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