Question: The correct formula to compute Direct Materials Price Variance is : Question 4 options: Direct Materials Price Variance = Actual Direct Materials Cost x Standard

The correct formula to compute Direct Materials Price Variance is : Question 4 options:

Direct Materials Price Variance = Actual Direct Materials Cost x Standard Cost

Direct Materials Price Variance = (Actual Quantity x Standard Price) - Standard Cost

Direct Materials Price Variance = Actual Direct Materials Cost - (Standard Price x Actual Quantity)

Direct Materials Price Variance = Actual Cost + Standard Cost

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