ExamVeda
Login
Home

If actual price input is 700 budgeted price of input is...

This question belongs to Management Management Accounting
Management Accounting
?

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

Answer & Solution
Correct Answer: Option A
Price variance = (actual price input - budgeted price of input) × actual quantity of input
= ($700 - $400) × 50 = $15,000.
Examveda
Question posted by Examveda
Community

Join the Discussion

No comments yet Be the first to discuss this question.
Keep Learning

Related Questions on Management Accounting

In value chain analysis, coordination, acquiring and assembling of resources to produce a product is classified as
A. resourcing B. value acquiring C. production D. value acquaintance
Examining of past performance, exploring alternative and planning future is
A. learning B. alternating C. examining D. deciding
Time that a company takes to create and produce a new product is classified as
A. management factor B. time factor C. customer factor D. chain factor
Purpose of management accounting is to
A. past orientation B. help banks make decisions C. help managers make decisions D. help investors make decision
More Related Questions on Management Accounting