1236. If actual price input is $700, budgeted price of input is $400 and actual quantity of input is 50 units, then price variance will be

A. $15,000
B. $13,000
C. $11,000
D. $9,000
✅ The correct answer is option A.
Price variance = (actual price input – budgeted price of input) × actual quantity of input
= ($700 – $400) × 50 = $15,000.

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