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Whistler Company determined that in the production of their products last period; they had a favorable...

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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
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