Asked by Glenda Gonzalez on Jun 03, 2024
Verified
When computing a price variance,the price is held constant.
Price Variance
The difference between the actual cost of a product or service and its standard or expected cost.
Price
The amount of money expected, required, or given in payment for something.
- Comprehend the techniques used to determine price and quantity variances.
Verified Answer
KB
Kenneth BrumbaughJun 05, 2024
Final Answer :
False
Explanation :
In computing a price variance, the actual quantity is held constant while comparing the actual price to the standard price to isolate the effect of price changes.
Learning Objectives
- Comprehend the techniques used to determine price and quantity variances.
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