When the actual amount spent exceeds the standard amount that should have been spent, the material spending variance is .
Question
Solution 1
When the actual amount spent is more than the standard amount that should have been spent, the material spending variance is unfavorable.
Here's the step-by-step explanation:
- Material spending variance is a measure used in management accounting to capture the difference between the actual cost Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
Similar Questions
When the actual amount spent exceeds the standard amount that should have been spent, the material spending variance is .
When the actual amount spent exceeds the standard amount that should have been spent, the material spending variance is
If actual raw materials cost exceeds the budgeted raw materials cost, then the variance is a(n) (favorable/unfavorable) variance.
Most companies compute the material price variance when materials are Blank______ and the material quantity variance when materials are
When compared to the budgeted amount, if the actual cost or revenue contributes to a lower income, then the variance is considered