The materials price variance is calculated using the Blank______ quantity of the input purchased.

The materials price variance is calculated using the actual quantity of the input purchased. This variance measures the difference between the actual cost of materials and the expected standard cost, allowing businesses to understand if they are spending more or less on materials compared to their budget or standards. The formula for calculating the materials price variance is:

$\text{Materials Price Variance} = (\text{Actual Price} - \text{Standard Price}) \times \text{Actual Quantity}$

Where:

• Actual Price is the price actually paid for the materials.
• Standard Price is the price that was expected or budgeted for the materials.
• Actual Quantity is the quantity of materials purchased.

This variance helps management analyze purchasing decisions and control costs effectively.