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The materials purchase price variance, in a standard cost system, is obtained by multiplying the: Actual price by the difference between actual quantity purchased and
The materials purchase price variance, in a standard cost system, is obtained by multiplying the:
Actual price by the difference between actual quantity purchased and standard quantity used. |
Actual quantity purchased by the difference between actual price and standard price. |
Standard price by the difference between standard quantity purchased and standard quantity used. |
Standard quantity purchased by the difference between actual price and standard price. |
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