spending or price variance is calculated as the difference between actual quanti

Question

spending or price variance is calculated as the difference between actual quantity of inputs used per unit of output multiplied by the actual output level and the budgeted unit price. True? or false? spending or price variance is calculated as the difference between actual quantity of inputs used per unit of output multiplied by the actual output level and the budgeted unit price. True? or false? spending or price variance is calculated as the difference between actual quantity of inputs used per unit of output multiplied by the actual output level and the budgeted unit price. True? or false?

Explanation / Answer

FALSE since Price Variance = (Standard Price - Actual Price)*Actual Quantity DMPV = (SP-AP)*AQ

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