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.
Direct Material Price Variance: = Actual Quantity x Actual Price - Actual Quantity x Standard Price. = Actual Cost - Standard Cost of Actual Quantity. Where: Actual Quantity is the quantity purchased during a period if the variance is calculated at the time of material purchase.