Thematerials price varianceis calculated using theactual quantityof the input purchased.Amaterial quantity varianceis a difference among the actual quantity of substances used in the manufacturing method and the amount that was expected for use.Thedimensionis employed to decide the performance of a manufacturing technique in converting raw materials into completed goods.The material price Variance is the distinction between the actual and the budgeted price for substances expanded by means of the real quantity used. The fabric quantity Variance is the difference between the actual amount of substances used and the number of materials anticipated to be used improved by thestandard fee.Learn more aboutmaterials price variancehere:brainly.com/question/25417216#SPJ4...

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