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ikadub [295]
3 years ago
6

The materials price variance is the difference between the actual price of materials ______. Multiple choice question. and the s

tandard price for materials with the difference multiplied by the standard quantity of material allowed and the standard price for materials with the difference multiplied by the actual quantity of materials times the actual quantity of materials and the standard price of materials times the standard quantity allowed for production
Business
1 answer:
kozerog [31]3 years ago
7 0

Answer:

and the standard price paid for direct materials multiplied by the actual quantity of direct materials purchased

Explanation:

The formula to calculate the material price variance is

Material price variance is

= (Standard price - actual price) × actual quantity

Based on the above formula, the above statement represent the formula of the material price variance

Hence, the same is to be considered

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During August, the Filtering Department of Speedwell, Inc. Had a beginning Work-IN Process Inventory balance of 160 units with c
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8 0
3 years ago
When the nation of Ectenia opens itself to world trade in coffee beans, the domestic price of coffee beans falls.Which of the fo
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Answer:

c. Domestic production of coffee falls, and Ectenia becomes a coffee importer.

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