In a standard cost system,when the materials price variance is recorded at the time the material is purchased, the materials purchase price variance is obtained by multiplying the:
a. Actual price by the difference between actual quantity purchased and standard quantity used.
b. Actual quantity purchased by the difference between actual price and standard price.
c. Standard price by the difference between standard quantity purchased and standard quantity used.
d. Standard quantity purchased by the difference between actual price and standard price.
b
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