The actual price of material is less than budgeted price, this means that Options: A . &nbspprice variance is favorable B . &nbspprice variance is unfavorable C . &nbspcost variance is favorable D . &nbspcost variance is unfavorable

The actual price of material is less than budgeted price, this means that

Question

The actual price of material is less than budgeted price, this means that

Options:

A . price variance is favorable

B . price variance is unfavorable

C . cost variance is favorable

D . cost variance is unfavorable

Answer: Option A
Answer: (a).price variance is favorable

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