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2 years ago

LO 8.5Identify several causes of a favorable material quantity variance.

Business

1 answer:

BlackZzzverrR [31]2 years ago

3 0

Answer:

Possible causes of material quantity variance:

1. The use of sub-standard material

2. The use of unskilled labour

3. Wastage of material

Explanation:

Material quantity variance is the difference between standard quantity and actual quantity used multiplied by standard price. The use of sub-standard material reduces the quality of output thereby resulting to unfavorable material quantity variance. The use of unskilled labour also leads to unfavorable material quantity variance. Wastage of material due to low quality of inputs also results to unfavorable material quantity variance.

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Complete Question:

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Group of answer choices

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Answer:

Explanation:

Let y amount be invested in bonds

Let x amount be invested in money account

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