Whistler Company determined that in the production of their
products last period; they had a favorable...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Whistler Company determined that in the production of theirproducts last period; they had a favorable price variance and anunfavorable quantity variance for direct
materials. What might be the cause of this pattern of variances?
Answer & Explanation
Solved by verified expert
4.0 Ratings (519 Votes)
Price Variance occurs due the difference between standard price and actual price Quantity Variance occurs due to the difference between standard quantity allowed and actual quantity
See Answer
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!
