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.
1 Fiber Optic, Inc., investigates all variances above 10 percent of the flexible budget. 2  The flexible budget for direct materials is $50,000. 3  The direct materials price variance is $4,000 unfavorable and the direct materials quantity variance is $(6,000) favorable. Assuming a standard price of $5 per yard, prepare a journal entry to record the purchase of raw materials for the month. 2  The company used 39,000 yards of material in production for the month, and the flexible budget shows the company expected to use 40,800 yards.