ACC205-The materials purchase price variance,

by | Mar 18, 2020 | Uncategorized

  

The materials purchase price variance, in a standard cost system, is obtained by multiplying the:

Actual price by the difference between actual quantity purchased and standard quantity used.
Actual quantity purchased by the difference between actual price and standard price.
Standard price by the difference between standard quantity purchased and standard quantity used.
Standard quantity purchased by the difference between actual price and standard price.
  

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