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.
In other words, the balance sheet will report the direct materials inventory as the standard cost of $10,000 plus the price variance of $3,500. If all of the materials were used in making products, and all of the products have been sold, the $3,500 price variance is added to the company's standard cost of goods sold.f the favorable $0.50 per yard price variance correlates with lower quality, that denim was no bargain. The $0.50 per yard favorable variance may be more than offset by the following unfavorable quantity variances: 1  direct material usage variance. 2  direct labor efficiency variance.