How is the direct materials price variance calculated?
A) The difference in quantities multiplied by the actual price of the input.
B) The difference in prices multiplied by the actual quantity of the input.
C) The actual amount of direct materials purchased divided by the actual quantity.
D) The actual quantity of direct materials purchased divided by the per unit price.
Correct Answer:
Verified
Q88: Grayson Industries has collected the
Q89: How is the standard quantity of
Q90: What does a favorable direct materials
Q91: What does a favorable direct materials
Q92: What could cause a sales volume
Q94: Which term below is best paired
Q95: The unemployment rate is high in
Q96: What does an unfavorable direct labor
Q97: A company receives an unusually high
Q98: A company's purchasing department negotiates all
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents