The direct materials price variance is calculated using which of the three amounts?
A)Actual quantity purchased,standard quantity purchased,actual price paid
B)Actual quantity purchased,standard quantity purchased,standard price paid
C)Standard quantity purchased,actual price paid,standard price paid
D)Actual quantity purchased,actual price paid,standard price paid

Question

Quizplus · Accepted Answer

The direct materials price variance is calculated using the actual quantity purchased, the actual price paid, and the standard price paid.

The Direct Materials Price Variance Is Calculated Using Which of the Three