Which of the following statements is false? All material variances, favorable or unfavorable, need to be investigated to determine the cause of the variance. The total budget variance provides sufficient information about the cause of the variance. A budget variance can be further broken down into the quantity and price variances. The quantity variance can be calculated by comparing the total costs under the static and flexible budget. A quantitatively favorable or unfavorable variance might have a different favorability from a qualitative perspective.
Which of the following statements is false? All material variances, favorable or unfavorable, need to be investigated to determine the cause of the variance. The total budget variance provides sufficient information about the cause of the variance. A budget variance can be further broken down into the quantity and price variances. The quantity variance can be calculated by comparing the total costs under the static and flexible budget. A quantitatively favorable or unfavorable variance might have a different favorability from a qualitative perspective.
Chapter8: Standard Costs And Variances
Section: Chapter Questions
Problem 8MC: When is the material price variance favorable? A. when the actual quantity used is greater than the...
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Which of the following statements is false?
All material variances, favorable or unfavorable, need to be investigated to determine the cause of the variance.
The total
A budget variance can be further broken down into the quantity and price variances.
The quantity variance can be calculated by comparing the total costs under the static and flexible budget.
A quantitatively favorable or unfavorable variance might have a different favorability from a qualitative perspective.
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