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When recording direct materials purchased, what does an unfavorable direct materials cost variance ...
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When recording direct materials purchased, what does an unfavorable direct materials cost variance ...
When recording direct materials purchased, what does an unfavorable direct materials cost variance represent? Will this variance have a debit or credit balance?
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Horngren's Financial & Managerial Accounting, The Financial Chapters
Edition:
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Authors:
Miller-Nobles, Mattison, Matsumura
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An unfavorable direct materials cost variance means more cost has been incurred than planned. This variance will have a debit balance.
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