Most companies base the calculation of the material price variance on the:
A) quantity of direct materials purchased.
B) quantity of direct materials spoiled.
C) quantity of direct materials that should have been used in achieving actual production.
D) quantity of direct materials actually used.
E) quantity of direct materials to be purchased during the next accounting period.

Question

Quizplus · Accepted Answer

The Answer of Most companies base the calculation of the material price variance on the:
A) quantity of direct materials purchased.
B) quantity of direct materials spoiled.
C) quantity of direct materials that should have been used in achieving actual production.
D) quantity of direct materials actually used.
E) quantity of direct materials to be purchased during the next accounting period.

Most Companies Base the Calculation of the Material Price Variance