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Gilkelly E Torres Nieves
on Dec 16, 2024

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The material price variance for November was?

A) $2,310 F.
B) $810 U.
C) $2,310 U.
D) $810 F.

Material Price Variance

The difference between the actual cost of direct materials and the expected (standard) cost, indicating budgetary performance.

Direct Materials

Raw materials that can be directly attributed to the production of goods.

Variable Manufacturing Overhead

Costs that fluctuate with production volume, such as raw materials and direct labor.

  • Ascertain and analyze variances in the cost of materials, emphasizing price and quantity discrepancies.
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MC
Mostafa ChehadeDec 22, 2024
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