The materials price variance is normally caused by the production department.
Correct Answer:
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Q17: Once set normal standards should not be
Q18: In developing a standard cost for direct
Q19: Standard cost + price variance + quantity
Q20: Standard cost cards are the subsidiary ledger
Q21: The overhead controllable variance relates primarily to
Q23: In using variance reports top management normally
Q24: What is a standard cost?
A) The total
Q25: The overhead volume variance relates only to
Q26: A standard cost system may be used
Q27: If production exceeds normal capacity the overhead
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