Consider the following statements: The standard cost per unit of materials is used to calculate a materials price variance.
The standard cost per unit of materials is used to calculate a materials quantity variance.
The standard cost per unit of materials cannot be determined until the end of the period.
Which of the above statements is (are) true?
A. I only.
B. I and II.
C. II only.
D. III only.
E. I, II, and III.
Answer: B
Business
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