What Is the Material Price Variance

question 152

Multiple Choice

What is the material price variance?

• A)It is the difference between the actual and standard unit price of an input multiplied by the number of inputs used.
• B)It is the difference between the actual and standard unit price of an output multiplied by the number of inputs used.
• C)It is the difference between the actual and standard unit price of an input multiplied by the number of inputs purchased.
• D)It is the difference between the actual and standard unit price of an output multiplied by the number of inputs purchased.

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Definitions:

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