Question
I have an accounting question for determining Material Price Variance: If I have purchased 7000 units of a material and only use 6000 units of
I have an accounting question for determining Material Price Variance: If I have purchased 7000 units of a material and only use 6000 units of that material do I use the 6000 units as the Actual Quanitity or the 7000 units as the Actual Quantity. This is for the equation Material Quantity Variance = SP (AQ - SQ)
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Management Accounting
Authors: Late RC Sekhar, AV Rajagopalan
1st Edition
195683609, 978-0195683608
