AC 420 (AC 420)

When actual performance varies from the budgeted performance, managers will be more likely to revise future budgets if the variances were The amount of raw material purchased in a period may be different than the amount of material used that period because A company that maintains a raw material inventory, which is based on the following month's production needs, will purchase less material than it uses in a month where If a company has a policy of maintaining an inventory of finished goods at ...