The materials price variance is calculated using the Blank______ quantity of the input purchased.

Most companies compute the material price variance when materials are Blank______ and the material quantity variance when materials are

The materials price variance is the difference between the actual price of materials Blank______.

A quantity variance is Blank______.Multiple choice question.based only on the standard quantity of inputscalculated using the actual price of the inputbased only on the actual quantity of inputscalculated using the standard price of the input

Given the following information, calculate the materials price variance:Direct material purchased and used 30,000 kgCost of direct material $84,000Unfavourable direct materials usage variance $3,000Standard quantity of direct materials allowed for May production 29,000kg

A price variance is the difference between the Blank______.Multiple choice question.actual price and the standard price multiplied by the standard amount allowedactual price and the standard price multiplied by the actual amount of the inputstandard quantity allowed and the actual quantity used multiplied by the actual pricestandard quantity allowed and the actual quantity used multiplied by the standard price