A price variance for an item is the difference between its actual price and its standard price multiplied by the standard quantity.

Name: A price variance for an item is the difference between its actual price and its standard price multiplied by the standard quantity.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A price variance for an item is the difference between its actual price and its standard price multiplied by the actual quantity purchased, not the standard quantity.

A Price Variance for an Item Is the Difference Between