If actual price input is $700, budgeted price of input is $400 and actual quantity of input is 50 units, then price variance will be
A. $15,000
B. $13,000
C. $11,000
D. $9,000
Answer: Option A
Solution(By Examveda Team)
Price variance = (actual price input - budgeted price of input) × actual quantity of input= ($700 - $400) × 50 = $15,000.
This Question Belongs to Management >> Management Accounting
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