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Assume that you have discovered that there is a significant unfavorable standard price variance in...

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Accounting

Assume that you have discovered that there is a significant unfavorable standard price variance in nuts at Muesli AG. You have also noticed that there is a favorable quantity (efficiency) variance for the nuts.
Why should these standard cost variances for nuts be of concern to management? What might have caused these variances?
Check All That Apply
The production line may have been wasting nuts, so the Production manager will need to provide more training to the workers.
The finished muesli may not have contained enough nuts to meet MMA requirements.
The purchasing manager may have purchased too many nuts which could spoil.
There may have been a price increase in nuts which will affect profitability.
The vendor may have shipped the wrong types of nuts and Purchasing will need to notify the vendor of the error.
The production line might have put too many nuts in the muesli which will affect profitability.
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