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Commerce · Q1097

Costing

Graduate and Post Graduate · Commerce · question 1097

Q1097

Material price variance is the difference between standard and actual prices of materials used multiplied by . . . . . . . .

A.
Actual quantity of materials used
Answer
B.
Budgeted quantity of materials used
C.
Standard quantity of materials used
D.
Either A or B

Answer: Option A

Solution

Answer: Option A
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