The direct material quantity variance is computed by multiplying the difference between the actual quantity of material and the standard quantity by the standard price.
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Q90: Planning variances are the focus of cost
Q91: A flexible budget variance is $1,500 favorable
Q92: The PRIMARY reason for using cost variances
Q93: A favorable variance indicates management's attention is
Q94: A favorable wage rate variance for direct
Q96: Unfavorable variances arise when actual costs exceed
Q97: The labor efficiency variance is likely to
Q98: A favorable price variance for direct materials
Q99: A flexible budget contains:
A)cost targets for actual
Q100: It is most meaningful to compare cost
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