Material Price Variance
Formula
(Actual Price - Standard Price) × Actual Quantity
Interactive Calculator
| Component | Value |
|---|---|
| Actual Price | |
| Standard Price | |
| Actual Quantity | |
| Material Price Variance | — |
CategoryVariance Analysis
ComponentsMaterial Price Variance; Actual Price; Standard Price; Actual Quantity
Example($5.20 - $5.00) × 10K = $2K Unfavorable
External Links
- Variance (accounting) — Wikipedia