A favourable usage variance would occur when the actual usage of inputs is greater than the standard usage.
Correct Answer:
Verified
Q25: The actual quantity of input at the
Q27: What are price standards based on?
A) the
Q28: Which standards are based on the amount
Q28: Kaizen costing provides fixed standards which reflect
Q29: A favourable price variance occurs whenever the
Q30: For better control, the materials price variance
Q35: In kaizen costing, each period's kaizen standard
Q36: Why should historical experience be used with
Q37: The materials price variance is computed using
Q37: Which of the following is NOT characteristic
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