If the price paid per unit differs from the standard price per unit for direct materials, the variance is a

A) variable variance
B) controllable variance
C) price variance
D) volume variance

Price Variance

The difference between the expected cost of an item and its actual cost, often analyzed in budgeting and cost management.

Standard Price

A predetermined cost that serves as a benchmark for evaluating actual cost performance in purchasing or production.

Direct Materials

Raw materials that can be directly traced to the production of specific goods or services.