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Dear John Moffat I have calculated materials price and usage planning and operation variances in a following way
Material price planning variance = actual qty of materials purchased *( original price-revised price)
Materials price op. Variance= actual qty purchased*(actual price-revised price)
Is it correct, will I get marks?
Thank you
Hi Lilit I guess and hope that examiner will provide us with already calculated b, if there is not y^x button on your calculator I think there is no other way to calculate it
Good luck
Hasmik
Thank you