The Materials Price Variance for an Item Is the Difference

question 35

Multiple Choice

The materials price variance for an item is the difference between its actual price and its standard cost

• A) multiplied by the actual quantity purchased.
• B) multiplied by the standard quantity allowed.
• C) multiplied by the difference between the actual quantity and the standard quantity.
• D) divided by the actual quantity.

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Definitions:

Bank Service Charges

Fees charged by banks for account maintenance, transactions, and other financial services.