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The materials price variance for an item is the difference between its actual price and its standard cost: multiplied by the actual quantity used.

The materials price variance for an item is the difference between its
actual price and its standard cost:
a. multiplied by the actual quantity used.
b. multiplied by the standard quantity allowed.
c. multiplied by the difference between the actual quantity and
the standard quantity.
d.divided by the actual quantity.

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Accounting-8226771.doc

The materials price variance for an item is the difference between its
actual price and its standard cost:
a. multiplied by the actual quantity used.
b. multiplied by the standard quantity...

Sign up to view the full answer

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