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Q: Waste on the production line will result in a materials price variance?
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Why a favorable direct materials price variance might be of concern?

A favorable direct materials price variance may be the result of the purchase of cheaper materials that may be of inferior quality, thereby causing an inferior product. An inferior quality can also cause more spoilage and waste.


What causes material usage variance?

Material usage variance can be caused due to waste. Quality issues, such as defects, can result in material usage variance.


What is waste production?

the production of un-wanted materials


Is overhead spending variance affected by excessive usage or waste of overhead materials?

True


Recycling waste materials in the production copper wire?

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What are the 2 things evolve in the creation of production?

result and waste


Favorable materials quanity variance?

In cost accounting, a variance is the difference between what we expected to happen (what we planned for when we created the budget) and what actually happened. If we produce more units from a given quantity of raw material than we expected to produce when we set up the budget, we have a favorable materials quantity variance, because we produced the goods more efficiently than we had planned for. We have used the raw materials with less waste than expected.


What factors have contributed to increased use of recycled materials by the asphalt industry?

The increase in waste-disposal costs and, relatedly, heightened environmental concerns relating to aggregate production and general waste has furthered the trend toward the use of recycled materials


What is genaration of waste and its sources?

Waste is generated from a variety of sources. Specifically, businesses create waste products from the production of materials, or from the runoff generated by farms. Additionally, individuals create waste via food packaging, water bottles, and the like.


Why is there a difference in waste production between low income countries and High income countries?

there is a difference in waste production between low income countries and high income countries because high income countries have more money to spend on raw materials therefore creating more waste.


What is venous industry?

It's a term used in Asia to mean industrial recycling, from waste back into raw materials for new production.


Industrial waste production?

Industrial waste production is the waste material grown in industries which are harmful for the biodiversity.