For better control, the materials price variance is computed using actual quantity of materials purchased.

Name: For better control, the materials price variance is computed using actual quantity of materials purchased.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Since it is better to have information on variances earlier rather than later, the materials price variance uses the actual quantity of materials purchased rather than the actual quantity of materials used.

For Better Control, the Materials Price Variance Is Computed Using