Asked by
Virginia Bliss
on Oct 10, 2024
Verified
The raw materials price variance for the month is closest to:
A) $45,780 F
B) $45,780 U
C) $41,447 U
D) $41,447 F
Raw Materials Price Variance
The difference between the actual cost of raw materials and the expected (or standard) cost.
- Gain insight into the process of determining the cost variance of materials.
- Identify the factors affecting raw materials price variance.
Verified Answer
RR
Learning Objectives
- Gain insight into the process of determining the cost variance of materials.
- Identify the factors affecting raw materials price variance.