If actual price input is $500, budgeted price of input is $300 and actual quantity of input is 50 units, then price variance would be
A. $4,000
B. $6,000
C. $8,000
D. $10,000
Answer: Option D
Solution (By Examveda Team)
Price variance = (actual price input - budgeted price of input) × Actual quantity of input= ($500 - $300) × 50 = $10,000.
This Question Belongs to Management >> Management Accounting
Join The Discussion