Waste on the production line will result in an unfavorable materials price variance.

Explanation:

The materials price variance is computed by multiplying the difference between the actual price and the standard price by the actual quantity of materials purchased. Waste on the production line will result in an unfavorable materials quantity variance. A materials price variance is unfavorable if the actual price exceeds the standard price.

its simple as this, microeconomics is the study of economics at an individual, group or company level, macroeconomics on the other hand, is the study of a national economy as a whole.

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