The materials price variance is computed using the actual quantity of materials used, and the materials usage variance is computed using the actual quantity of materials purchased.
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Q32: An acceptable range is established in order
Q33: The volume variance is often interpreted as
Q34: An unfavorable price variance occurs whenever the
Q35: The fixed overhead spending variance is affected
Q36: Practical capacity is always used to calculate
Q38: An unfavorable usage variance would occur when
Q39: The variable overhead spending variance is conceptually
Q40: The sum of the price and usage
Q41: Which of the following is not an
Q42: Price changes of variable overhead items are
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