The amount of direct materials purchased is usually equal to the amoun

The amount of direct materials purchased is usually equal to the amount of direct materials used in production that period. True False The direct materials price variance is found by the following equation: Actual Quantity Used in Production × (Actual Price - Standard Price) True False A direct materials price variance is unfavorable if the price paid per unit is greater than the standard price per unit. True False Using higher-quality materials in production can help to reduce an unfavorable direct materials efficiency variance. True False

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