A materials price variance is computed as the difference between:
A) Actual materials cost and standard materials cost of standard inputs
B) Standard materials cost of actual inputs and standard materials costs of standard inputs
C) Standard materials cost of standard inputs and actual materials cost incurred
D) Actual materials cost and standard materials cost of actual inputs

Question

Quizplus · Accepted Answer

The materials price variance can also be computed as the actual price per unit of materials minus the standard price per unit of materials times the actual quantity of materials used.

A Materials Price Variance Is Computed as the Difference Between