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

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 Correct Answer $10,000

Price variance = (actual price input - budgeted price of input) × Actual quantity of input
= ($500 - $300) × 50 = $10,000.
Bissoy MCQ

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