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Direct Material Price Variance Calculator — result sheet
Calculate the favorable or unfavorable price variance from actual and standard material prices and actual quantity.
Inputs used
Results
Visual chart
Breakdown
Calculation steps
Returned data table
Formula and methodology
Formula: Direct material price variance=(actual price−standard price)×actual quantity; positive is unfavorable and negative is favorable.
The result isolates the price component while holding the quantity at the actual amount, so purchasing and usage variances are not mixed.
This result follows the calculator's declared inputs, precision, validation boundaries, and model limits.
Input contract
- Actual price per unit — currency/unit; minimum 0; maximum 1000000000000
- Standard price per unit — currency/unit; minimum 0; maximum 1000000000000
- Actual quantity used or purchased — units; minimum 0; maximum 1.0E+15
Worked example
| Input | Value |
|---|---|
| Actual price per unit | 9 |
| Standard price per unit | 7 |
| Actual quantity used or purchased | 20 |
Price variance = 40 currency units unfavorable.
Assumptions and limits
- Actual and standard prices use the same unit and material definition.
- The sign convention is positive for unfavorable spending and negative for favorable spending.
- Quantity variance, quality differences, purchase timing, and supplier causes require separate analysis.
Calculator note
Source and methodology
Use the official WorldCalculate methodology policy for the source, formula, precision, and boundary standards behind this calculator.
Planning estimate, not financial, medical, legal, or professional advice. © WorldCalculate — reuse with attribution. Built and curated by Hassan ALRowaie.
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