Which of the following formulas is used to calculate the materials price variance? a. (Actual Price * Actual Quantity) - (Standard Price * Standard Quantity) b. (Actual Price * Actual Quantity) - (Standard Price * Actual Quantity) c. (Variable Price * Actual Quantity) - (Total Price * Actual Quantity) d. (Fixed Price * Average Quantity) - (Standard Price * Actual Quantity) e. None of these choices are correct.
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Home » Business » Which of the following formulas is used to calculate the materials price variance? a. (Actual Price * Actual Quantity) - (Standard Price * Standard Quantity) b. (Actual Price * Actual Quantity) - (Standard Price * Actual Quantity) c.