The direct material price variance can be found using which of the following formulas: ...
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Accounting
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The direct material price variance can be found using which of the following formulas:
A.
(Actual price - Standard price) * Actual quantity purchased
B.
(Actual price - Standard price) * Actual quantity used
C.
(Actual quantity used - Standard quantity) * Actual price
D.
(Actual quantity used - Standard quantity) * Standard price
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