Rate variances are the difference between actual inputs used and budgeted inputs that should have been used, multiplied by the budgeted price.

Name: Rate variances are the difference between actual inputs used and budgeted inputs that should have been used, multiplied by the budgeted price.
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Question

Quizplus · Accepted Answer

Rate variances are the difference between the actual price paid for inputs and the budgeted price, multiplied by the actual quantity of inputs used.

Rate Variances Are the Difference Between Actual Inputs Used and Budgeted