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Management · Q168

Management Accounting

Graduate and Post Graduate · Management · question 168

Q168

If an actual input price is 70 and budgeted input price is 40, then price variance will be

A.
$120
B.
$50
C.
$110
D.
$30
Answer

Answer: Option D

Solution

Answer: Option D
Solution:
Price variance = Actual input price - Budgeted input price
= 40 = $30.
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