Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. which of the following is not true of variances?

Which of the following is not true of variances? A....

50.1K

Verified Solution

Question

Accounting

Which of the following is not true of variances?

A.

Material spending (total) variance = Price variance + Quantity variance.
B.

Spending (total) variance = Actual cost Standard cost
C.

If a cost variance is negative, it is favorable.
D.

(Price variance) X (Quantity variance) < 0

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Question 0 What is fundamental analysis about and what does it examination include? Question 1 The stock...

Finance
Q

Following is information on two alternative investments being considered by Tiger Co. The company requires a...

Finance
Q

Neuroendocrine mechanisms control homeostasis. Describe a homeostatic regulation that involves both neural and hormonal regulations. (7 pts) Provide...

Medical Sciences
Q

explain how PLA is biodegradable?

Chemistry
Q

In this problem, you will calculate the location of the center of mass for the...

Physics
Q

Section 5 1 Worksheet 1 The measure of an exterior angle of a triangle is...

Geometry
Q

d an an a n 1 d an an 1 0 Question 1 an 1...

Algebra
Q

Consider a project to supply 105 million postage stamps per year to the U.S. Postal...

Accounting
Q

Reagan Corp has reported a net income of $827,300 for the year. The companys share...

Accounting
Q

Question 5 0.67 pts You calculate the Social Security MAGI +12...

Accounting
Q

Sensitivity analysis: San Lucas Corporation San Lucas Corporation is considering investment in robotic machinery based...

Accounting
Q

Minden Company is a wholesale distributor of premium European chocolates. The companys balance sheet as...

Accounting