Materials Price Variance

[@aneshaberry5901]

This is very helpful! *Like*

[@siddiquemustafa875]

this video simply made my life easy. thanks alot.

[@angbli644]

Thanks, great explanation x

[@t-techvids9659]

Good info. What if they only used 3800 pounds, instead of 4000 pounds? Do you still do the calculation based off how much they bought?

[@AceHighAA77]

"Note that the entire price variance pertaining to all of the direct materials received was recorded immediately. In other words, the price variance associated with the direct materials received was not delayed until the materials were used."
Source: courses.lumenlearning.com/sac-managacct/chapter/absorption-costing/