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How are price and quantity variances computed? Why are separate price and quantity variances useful to...

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Accounting

How are price and quantity variances computed? Why are separateprice and quantity variances useful to an organization?

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4.2 Ratings (841 Votes)
1 A Material price variance actual quantity purchased x standard price actual price Where Actual price material cost paidunits of material purchased B Material quantity    See Answer
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