Assume (1) the quantity of materials purchased equals the quantity used in production, (2) the...
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Accounting
Assume (1) the quantity of materials purchased equals the quantity used in production, (2) the materials price variance is $400 unfavorable, and (3) the materials quantity variance is $200 favorable. Given these assumptions, which of the following statements is true?
Multiple Choice
1) The materials spending variance must be $600 unfavorable.
2) The materials spending variance must be $200 unfavorable.
3) The materials spending variance must be $600 favorable.
4) The materials spending variance must be $200 favorable.
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