An unfavourable material price variance occurs because of:

Related MCQs

• Material Usage Variance=Material Mix Variance +…………..
• An unfavourable material usage arises because of:
• Material price variance is the difference between standard and actual prices of materials used multiplied by………………..
• Material Price Variance = Actual Usage (……………)
• Material usage variance = standard price(……………….)
• Total Material cost variance =
• Material mix variance = standard cost of standard mix - ………………..
• Volume variance arises because of :
• Inflated price method of valuing material issues is suitable when…………
• Specific price method of valuing material issue is used when………….