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    Business
  3. Study Set
    Cost Accounting
  4. Exam
    Exam 7: Flexible Budgets, Variances, and Management Control: I
  5. Question
    Price Variances Are Considered to Be the Difference Between the Actual
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Price Variances Are Considered to Be the Difference Between the Actual

Question 32

Question 32

True/False

Price variances are considered to be the difference between the actual price and the budgeted price multiplied by the actual quantity of input goods or services.

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