If actual input price is $150 and budgeted input price is $80, then price variance will be
A. $130
B. $70
C. $150
D. $80
Answer: Option B
Solution(By Examveda Team)
Price variance = Actual price input - Budgeted price of input= $150 - $80 = $70.
This Question Belongs to Management >> Management Accounting
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