The _____ people are the earliest known inhabitants of Africa's Mediterranean coast - 832289
The purchasing department is often responsible for the events that create a direct materials price variance. TRUE ___2. A flexible budget expresses variable costs on a per unit basis and fixed costs on a total basis. TRUE ___3. A flexible budget expresses all costs on a per unit basis. FALSE ___4.
The business expected to make each final product for $200 in direct materials cost by using 10 units of materials at $20 per unit. But it actually spent an extra $5 to purchase every unit of materials and used 12 units for making each final product, resulting in a price differential of $60.tep 2. Calculate direct material price variance. As actual direct materials costs become known when a purchase has been completed, a business will compare the difference between actual and standard cost by calculating the direct materials price variance.