The use of excessive quantities of material in manufacturing a product causes an unfavorable materials quantity variance.
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Q14: A favorable variance would be credited to
Q15: Standard cost systems are generally compatible with
Q16: In setting standards,management's level of performance expectation
Q17: In a standard cost system,actual costs are
Q18: Standard costs are established only for direct
Q20: In most companies using standard cost procedures,the
Q21: A total cost variance for materials can
Q22: Standard costs:
A)May be used in job order
Q23: An unfavorable cost variance will be debited
Q24: The presence of fixed costs in manufacturing
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