The equation to calculate the direct materials price variance is: a) aq × (sp - ap) b) sp × (aq - sq) c) ap × (aq - sq) d) sq × (ap - sp) e) none of the above

The correct option is E.

Step-by-step explanation:

The following notation are

AP = Actual price

AQ = Actual quantity

SP = Standard price

SQ =Standard quantity

The standard cost is

The actual cost is

The direct materials price variance is the difference between the actual cost and standard cost

None of the given formula is correct.

Therefore, the correct option is E.

whats the

the answer is 11.2 (i know i’m late)