The materials price variance is computed based on the amount of materials purchased during the period.

Name: The materials price variance is computed based on the amount of materials purchased during the period.
Brand: Quizplus
Rating: 4.9 (37 reviews)

Question

Quizplus · Accepted Answer

The materials price variance is calculated based on the difference between the actual price paid for materials and the standard price expected to be paid for the amount of materials purchased during the period.

The Materials Price Variance Is Computed Based on the Amount