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    Financial and Managerial Accounting Study Set 8
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    Exam 24: Standard Cost Systems
  5. Question
    The Materials Price Variance Is Calculated by Multiplying the Difference
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The Materials Price Variance Is Calculated by Multiplying the Difference

Question 9

Question 9

True/False

The materials price variance is calculated by multiplying the difference between actual unit price and standard unit price by the standard units purchased.

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