Question

material cost variance is a out come of
A.material price variance plus material usage variance
B. material price variance plus material teild variance
C.material usage variance plus material yeild variance
D.material usage variance plus material mis variance ​

Answer 1

Answer:

The difference between the standard cost of direct materials specified for production and the actual cost of direct materials used in production is known as Direct Material Cost Variance. Material Cost Variance gives an idea of how much more or less cost has been incurred when compared with the standard cost.

Answer 2

Answer:

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