What Is Purchase Price Variance?

1.	What Is Purchase Price Variance?
Answer» PURCHASE price variance: The actual price PAID for materials USED in the production PROCESS, minus the standard cost, multiplied by the number of units used. Purchase price variance: The actual price paid for materials used in the production process, minus the standard cost, multiplied by the number of units used.

Answer»

PURCHASE price variance: The actual price PAID for materials USED in the production PROCESS, minus the standard cost, multiplied by the number of units used.

Purchase price variance: The actual price paid for materials used in the production process, minus the standard cost, multiplied by the number of units used.

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What Is Purchase Price Variance?

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