Accounting · Standard Costing
Consider the following statements: Assertion (A): Material Price Variance may arise even if the quantity of material consumed remains as per standard. Reason (R): Material Price Variance depends on the difference between the standard price and the actual price.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Both A and R are false
- 2A is true, but R is false
- 3Both A and R are true, and R is the correct explanation of A✓
- 4A is false, but R is true
Correct answer
Both A and R are true, and R is the correct explanation of A
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Accounting?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Standard Costing MCQs →Want more practice questions on Standard Costing?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Accounting · Standard Costing