What is the correct formula for the direct material price variance?
A) Actual expenditure on direct materials for actual production - expected expenditure on direct materials for actual production.
B) (Actual usage of direct materials for actual production - expected usage of direct materials for actual production) x the standard cost for one unit of direct material.
C) What the direct materials for actual production should have cost - what the direct materials for actual production actually cost.
D) What the direct materials for expected production should have cost - what the direct materials for actual production actually cost.

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The Answer of What is the correct formula for the direct material price variance?
A) Actual expenditure on direct materials for actual production - expected expenditure on direct materials for actual production.
B) (Actual usage of direct materials for actual production - expected usage of direct materials for actual production) x the standard cost for one unit of direct material.
C) What the direct materials for actual production should have cost - what the direct materials for actual production actually cost.
D) What the direct materials for expected production should have cost - what the direct materials for actual production actually cost.

What Is the Correct Formula for the Direct Material Price