Which of the Following Is the Correct Formula for the Materials

question 137

Multiple Choice

Which of the following is the correct formula for the materials price variance?

• A) (Actual price of input - Budgeted price of input) x Budgeted quantity of input
• B) (Actual quantity of input used - Budgeted quantity of input allowed for actual output) x Budgeted price of input
• C) (Actual price of input - Budgeted price of input) x Actual quantity of input
• D) (Actual quantity of input used - Budgeted quantity of input allowed for actual output) x Actual price of input

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