Question: The materials price variance should be computed: Multiple Choice when materials are purchased. when materials are used in production. based upon the amount of materials

The materials price variance should be computed:

Multiple Choice

when materials are purchased.

when materials are used in production.

based upon the amount of materials used in production when only a portion of materials purchased is actually used.

based upon the difference between the actual quantity of inputs and the standard quantity allowed for output times the standard price.

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