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.
Materials Price Variance: Definition: When actual price paid for the materials is more or less than the standard price of the materials, the difference is called direct materials price variance. If actual price paid is more than the standard price the difference is called unfavorable materials price variance.