Asked by Kayla Calvin on Apr 27, 2024
Verified
The difference between actual quantity of materials times the standard price and standard quantity times the standard price is the materials ________________ variance.
Materials Quantity Variance
The deviation of the actual materials used from the expected standard quantity in production, times the standard unit cost.
- Comprehend the method and analysis involved in determining material price variances.
Verified Answer
NS
Learning Objectives
- Comprehend the method and analysis involved in determining material price variances.
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