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    Business
  3. Study Set
    Cost Accounting
  4. Exam
    Exam 7: Flexible Budgets, Direct-Cost Variances, and Management Control
  5. Question
    The Price Variance Is the Difference Between the Actual Price
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The Price Variance Is the Difference Between the Actual Price

Question 12

Question 12

True/False

The price variance is the difference between the actual price and the budgeted price of the input, multiplied by the actual quantity of input.

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