A favorable direct material price variance occurs when a company: A) Uses less...
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Accounting
A favorable direct material price variance occurs when a company:
A) Uses less materials per unit of output than the standard amount.
B) Purchases material at a price that is less than the standard.
C) Incurs less direct material cost per unit of output than the standard.
D) Purchases material at a price that is more than the standard.
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