The difference between actual price per unit of input and the standard price per unit of input results in a:

Price variance

Explanation:

In the context of finance, the variance means the difference between standard and the actual

If we talk about the price variance then it is a difference between the standard price of input and  actual price per unit of input

In mathematically,

Price variance = Actual price per unit of input - standard price per unit of input results

Whereas material price variance would be

Material price variance = Actual Quantity × (Standard Price - Actual Price)

If the answer comes in favorable that means the standard is high then the actual and in the case of unfavorable, the standard is less then the actual

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.

answer; only identify and interpret trends in the marketplace;