The direct materials cost variance is separated into which of the following two components? a.Rate and...
The direct materials cost variance is separated into which of the following two components?
a.Rate and time
b.Actual and budget
c.Controllable and volume
d.Price and quantity
Homework Answers
Answer: option (d) is correct
Explanation:
Direct material cost variance is divided into two
1. Direct material Price variance
2. Direct material Quantity variance
Also we know that, direct material cost is computed by multiplying the material quantity with the rate.
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The direct materials cost variance is separated into which of the following two components? a.Rate and...
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