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3:18
YouTube
Edspira
Materials Price Variance
This video shows how to calculate the Materials Price Variance. The Materials Price Variance is the difference between: (1) actual quantity purchased * actual purchase price and (2) actual quantity purchased * standard purchase price This is sometimes abbreviated as: (AQ * AP) - (AQ * SP) If the company spent more than it should have (according ...
47.4K views
Oct 29, 2018
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