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Direct Material Budget
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I have to set up a direct material budget. I am aware of how to do the budget but the particular example that is presented has half of the information that we usually need to find the answr. I am looking for the Production needs for the direct material budget. The information that I have is...
Direct Material Variances
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What type would it be if the price and quantity arose if the actual number of lbs of materials used exceeds standards lbs aalowed but actual cost is less than the standard cost? I think that the quantity would be favorable and the price would be unfavorable. Am I correct? View more questions Search
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