Materials Price Variance
3:18
YouTubeEdspira
Materials Price Variance
This video shows how to calculate the Materials Price Variance. The Materials Price Variance is the difference between: (1) actual quantity purchased * actual purchase price and (2) actual quantity purchased * standard purchase price This is sometimes abbreviated as: (AQ * AP) - (AQ * SP) If the company spent more than it should have (according ...
45.7K viewsOct 29, 2018
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Answered: Use the following information to calculate the materials price variance: Direct material purchased and used (kgs) 30,000 Cost of direct material 84,000… | bartleby
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