Which One of the Following Determines the Material Price Variance

question 115

Multiple Choice

Which one of the following determines the material price variance?

• A)The difference between actual price per unit and standard price per unit times the quantity of material purchased from suppliers
• B)The difference between actual price per unit and standard price per unit times standard quantity of material used for the achieved level of production
• C)The difference between actual quantity of material purchased and the actual quantity of material used times the standard price of material per unit
• D)The difference between actual quantity of material purchased and the actual quantity of material used times the actual price of material per unit purchased

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Definitions:

Vacation

A period of time spent away from home or business in travel or recreation.

Preferred Date

is the specific date chosen or requested by an individual or organization for an event or appointment to take place.

Efficient Use

The practice of utilizing resources in a manner that maximizes productivity and effectiveness while minimizing waste.

Double-Booking

The practice of scheduling two appointments or reservations for the same time slot.