Question: The correct formula to compute Direct Materials Price Variance is :a) Direct Materials Price Variance = Actual Direct Materials Cost x Standard Cost b) Direct

The correct formula to compute Direct Materials Price Variance is :a) Direct Materials Price Variance = Actual Direct Materials Cost x Standard Cost b) Direct Materials Price Variance = (Actual Quantity x Standard Price) - Standard Cost c) Direct Materials Price Variance = Actual Direct Materials Cost - (Standard Price x Actual Quantity) d) Direct Materials Price Variance = Actual Cost + Standard Cost

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