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Of the following assets,the least liquid is
Direct Material Price Variance
Direct material price variance measures the difference between the actual cost of direct materials and the expected (or standard) cost, indicating how well a company manages its material costs.
Actual Price
The real or transacted price of a good, service, or asset, usually the amount of money exchanged in the sale.
Standard Price
A predetermined price established by a company for a product or service, used for budgeting and cost control purposes.
Unfavourable Variances
Unfavourable Variances are cost or revenue variances that indicate a business is performing worse than its budgeted or planned figures.
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