PDA

View Full Version : Material price variance


Ansted
Dec 9, 2011, 02:13 PM
There will be a favorable materials price variance if:
a. The standard price per unit is less than the actual price per unit
b. The standard price per unit is greater than the actual price per unit.
c. The actual quantity purchased is greater than expected
d. The actual quantity purchased is less than expected.

I think the answer is d. But looking for clarification to be sure.