Home /
Expert Answers /
Accounting /
the-formula-for-calculating-a-direct-materials-efficiency-variance-is-actual-price-per-ind-uni-pa937
(Solved):
The formula for calculating a direct materials efficiency variance is (actual price per ind uni ...
The formula for calculating a direct materials efficiency variance is (actual price per ind unit - actual quantity of input) × standard price per input unit. (actual quantity of input - standard price per input unit) × standard quantity of input allowed for the actual number of outputs. lactual quantity of input - standard quantity of input allowed for the actual number of outputs) × standard price per input unit. (actual price per input unit - standard price per input unit) × actual quantity of input.