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.
T his chapter covers direct material variance analysis that enables managers to identify if a direct material variance exists, and if so, if is it caused by the cost of each raw material unit purchased or by the quantity of materials used in production.ike with direct labor variances, material variance analysis is performed at the end of an accounting period at the earliest point that the actual costs are known. Direct Material Variance Analysis. A material price standard is the amount that is allowed to be paid for each unit of raw material.