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The direct materials price variance is the difference between the 01. actual price and standard price for the materials multiplied by the standard quantity
The direct materials price variance is the difference between the 01. actual price and standard price for the materials multiplied by the standard quantity of material allowed 02. Actual price multiplied by the actual quantity and standard price multiplied by the standard quantity 03. Actual price multiplied by the standard quantity and standard price multiplied by the actual quantity O4. actual price and standard price for the materials multiplied by the actual quantity of material
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Government and Not for Profit Accounting Concepts and Practices
Authors: Michael H. Granof, Saleha B. Khumawala
6th edition
978-1-119-4958, 9781118473047, 1118155971, 1118473043, 978-1118155974
