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Which of the following are possible causes of a favorable direct materials price variance?

A. Materials prices increased unexpectedly due to industry shortage

B. Materials prices decreased unexpectedly due to industry oversupply

C. The purchasing manager bought in smaller lot sizes than budgeted, thus not obtainingthe purchase discounts that were factored in the budget.

D. All of the above are causes of a favorable direct materials price variance.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M964964

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