Price variances focus on the difference between
A)actual price and standard price for actual quantity allowed for units actually produced.
B)actual price and standard price for standard quantity allowed for units actually produced.
C)actual price and standard price for actual quantity allowed for estimated activity.
D)none of the above.

Question

Quizplus · Accepted Answer

Price variances focus on the difference between the actual price paid for an input and the standard (or expected) price that should have been paid, for the actual quantity of the input used.

Price Variances Focus on the Difference Between