Multiple Choice
Which formula is used to calculate the materials price variance?
A) (actual price × actual quantity) - (standard price × actual quantity)
B) (standard price × actual quantity) - (actual price × actual quantity)
C) (actual price × actual quantity) - (standard price × standard quantity)
D) (standard price × standard quantity) - (actual price × actual quantity)
Correct Answer:
Verified
Correct Answer:
Verified
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