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Direct materials variances are called price

Direct materials variances are called price 




1.______________________ are preset costs for delivering a product or service under normal
conditions.
________________________________________
2.Companies promoting continuous improvement strive to achieve _____________ standards by
eliminating inefficiencies and waste.
________________________________________
3.A standard that takes into account the reality that some loss usually occurs with any process under normal
application of the process is known as a __________________ standard.
________________________________________
4.Differences between actual costs and standard costs are known as __________________. These
differences may be subdivided into _________________ and ________________.
________________________________________
5.Direct materials variances are called price and quantity variances. However, when referring to direct
labor, these variances are usually called _________________ and _____________ variances.
________________________________________




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12 Apr 2016

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  1. Genius

    Direct materials variances are called price

    Direct materials variances are called price Direct materials ****** ******
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