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The direct material price variance can be found using which of the following formulas: ...

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Question

Accounting

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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