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A favorable material price variance indicates that: actual quantity is less than the standard quantity B....

A favorable material price variance indicates that: actual quantity is less than the standard quantity B. The actual quantity is greater than the standard quantity c. actual price is less than the standard price actual price is greater than the standard price

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Answer #1

Answer:

A favorable material price variance indicates that actual price is less than the standard price.

Notes:

Any favorable variance means when actual price / actual quantity is required less to produce actual or desired product as compare to the standard price / standard quantity.

actual quantity is less than the standard quantity indicates a favorable material quantity variance.

actual quantity is greater tan the standard quantity indicates an unfavorable material quantity variance.

actual price is less than the standard price indicates a favorable material price variance

actual price is greated than standard price indicates an unfavorable material price variance.

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