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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