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mlee52381 mlee52381
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The algebraic equation for the direct materials price variance is

▸ Direct materials price variance = SP × (AQpurch - SQpurch).

▸ Direct materials price variance = SQpurch × (AP - SP).

▸ Direct materials price variance = AP × (AQpurch - SQpurch).

▸ Direct materials price variance = AQpurch × (AP - SP).
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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mrivas57mrivas57
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