Question

1 point
25. The difference between the actual quantity
and the standard quantity, multiplied by the
standard price is the
Material price variance
Material efficiency variance
Material usage variance
Material volume variance
26​

Answer 1

Material price variance is the difference between the actual quantityand the standard quantity, multiplied by thestandard price is the

Answer 2

Concept Introduction:-

The real quantity of the Commodity delivered or metered to Buyer's account is known to as "actual quantity."

Explanation:-

The difference between the actual quantity and the standard quantity, multiplied by the standard price is the Material price variance.

Final Answer:-

The difference between the actual quantity and the standard quantity, multiplied by the standard price is the Material price variance.