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Which variance measures the difference between actual costs and standard costs for direct materials?

Practice Questions

1 question
Q1
Which variance measures the difference between actual costs and standard costs for direct materials?
  1. Sales variance
  2. Material price variance
  3. Labor efficiency variance
  4. Overhead variance

Questions & Step-by-step Solutions

1 item
Q
Q: Which variance measures the difference between actual costs and standard costs for direct materials?
Solution: The material price variance measures the difference between actual costs and standard costs for direct materials.
Steps: 0

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