For better control, the materials price variance is computed using the standard quantity of materials used.
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Q26: The sum of the labour rate variance
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
Q32: A favourable usage variance would occur when
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Q37: The materials price variance is computed using
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