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Digiron [165]
4 years ago
8

When the materials price variance is recorded at the time of purchase, raw materials are recorded as inventory at standard cost.

Business
1 answer:
andrezito [222]4 years ago
4 0

Answer:

a)True

Explanation:

The formula to compute the material price variance is shown below:

= Actual Quantity × (Standard Price - Actual Price)

Here the raw material of the inventory should be recorded at the standard price and the difference of standard pice & actual price shows the favorable and unfavorable variance

Therefore the given statement is true

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Mr.​ Beautiful, an organization that sells weight training​sets, has an ordering cost of ​$45 for the​ BB-1 set​ (BB-1 stands fo
andrew-mc [135]

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