Asked by
Leslie Molinar
on Oct 10, 2024
Verified
The materials price variance for November is:
A) $5,548 U
B) $6,160 U
C) $6,160 F
D) $5,548 F
Materials Price Variance
The difference between the actual cost of materials used in production and the expected (or standard) cost, indicating how much more or less was spent on materials than anticipated.
- Ascertain the cost variance related to materials and supplies and evaluate its impact on managing expenses.
Verified Answer
NM
Learning Objectives
- Ascertain the cost variance related to materials and supplies and evaluate its impact on managing expenses.