Which of the following are the possible causes of material price variance : (1) Change in market price (2) Use of poor quality material (3) Inefficient buying (4) Untimely buying (5) Paying overtime for urgent work (6) U
CS Executive · Cost and Management Accounting · PYQS · December 2015
Which of the following are the possible causes of material price variance : (1) Change in market price (2) Use of poor quality material (3) Inefficient buying (4) Untimely buying (5) Paying overtime for urgent work (6) Use of substitute material of different prices Select the correct answer from the options given below —
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Standard Costing
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