The _____ people are the earliest known inhabitants of Africa's Mediterranean coast - 832289
The purchasing department is often responsible for the events that create a direct materials price variance. TRUE ___2. A flexible budget expresses variable costs on a per unit basis and fixed costs on a total basis. TRUE ___3. A flexible budget expresses all costs on a per unit basis. FALSE ___4.
Combining the $60 price variance and the $40 quantity variance leads to $100 in additional cost in direct materials. Therefore, actual direct materials cost is calculated as $200 in standard cost plus additional cost of $100, equal to $300 total.