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    Cost Accounting Study Set 1
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    Exam 7: Flexible Budgets, Variances, and Management Control: I
  5. Question
    An Input-Price Variance Is the Difference Between Actual Quantity of Input
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An Input-Price Variance Is the Difference Between Actual Quantity of Input

Question 134

Question 134

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An input-price variance is the difference between actual quantity of input used and the budgeted quantity of input that should have been used, multiplied by the budgeted price.

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