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Author Question: Why is the direct materials price variance based on the quantity of materials purchased, but the ... (Read 93 times)

eboni

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on: Feb 5, 2023
Why is the direct materials price variance based on the quantity of materials purchased, but the direct materials quantity variance on the quantity of materials used?
◦ Production managers are only interested in the quantity purchased.
◦ Managers need to isolate variances and take corrective action as soon as possible.
◦ Managers are required by GAAP to isolate the price variance at the latest point possible.
◦ The quantity used in production is not known until units are produced.
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by eboni on Feb 5, 2023

kugyo01

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Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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eboni

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Reply 2 on: Feb 5, 2023
Great answer, keep it coming :)

rleezy04

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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