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Which of the following gives formula for direct material price variance?

Which of the following gives formula for direct material price variance? Correct Answer Actual quantity purchased × (Actual rate - Standard rate)

Related Questions

Abeer has 14 novels. Abeer’s friend Sanjay takes 3 of them and gives 2 novels to Abeer. Abeer donates 7 novels but buys 4. Joy takes 4 novels from Abeer and gives him 5. Abeer takes one novel from Sanjay and gives it to Joy in exchange for 3 more. Abeer gives those 3 novels to Sanjay and he gives Abeer a novel and a magazine. Rahul takes the magazine which Sanjay gave to Abeer and gives Abeer a textbook. Abeer gives the textbook to Joy in exchange for a novel. Rahul takes the novel from Sanjay, gives it to Joy for a magazine and gives Abeer the magazine for a novel. How many textbooks does Abeer have?
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Among six commodities P, Q, R, S, T and U, the price of Q is 1.5 times that of T. The price of U is four times that of P. The price of S is equal to the price of R. The price of P is 3.5 times that of R. The price of T is twice the price of R. The price of P is Rs. 70. What is the price of Q?
The bar graph given below shows the cost price and selling price of 5 articles. Profit amount = Selling price – Cost price Loss amount = Cost price – Selling price Profit percent/Loss percent = [(Profit/Loss)/Cost price] × 100 Which of the following statement(s) is/are not correct? I. If the cost price of A and E gets interchanged, then there will be a loss of 24 percent on E. II. Profit earned on D is 25 percent.
Match List I with List II: List I (Pricing Strategies) List II (Description) (A) Ramsay pricing (I) Setting a high price when a product is first introduced and gradually lowering price as it gains scale (B) Price skimming (II) Firm charges lower price (than the ongoing price) to gain market entry (C) Cost plus pricing (III) Price deviations from marginal cost should be inversely proportional to price elasticity of the product (D) Penetration pricing (IV) It is full cost pricing strategy that also includes mark up for target return, degree of competition, price elasticity and availability of substitutes. Choose the correct answer from the options given below:
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Price of five cars A, L, J, M and T are compared. Price of A is the least. No two cars have the same price. Price of J is less than T, L and M. Price of neither T nor L is the highest. Price of T is less than L. Price of how many cars is less than the price of L?
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