The price variance indicates:
a. the difference between actual and standard unit price multiplied by the inputs used.
b. the difference between actual and standard unit price multiplied by the inputs planned.
c. the difference between actual and standard hourly rate multiplied by the inputs used.
d. the difference between actual and standard hourly rate multiplied by the inputs planned.
e. None of the answers are correct.
a
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Indicate whether the statement is true or false
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