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8:20
YouTube
Counttuts
Material Price Variance | Explained with Examples
In the lesson, as we continue with standard costing, we look at Material Price Variance. We show and explain the Material Price Variance formula, and explain when a material price variance is favourable and when it is unfavourable. Timestamps Material price variance explained: 00:00 Standard costs explained / definition: 00:26 Variance in ...
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