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Match Each of the Following Formulas or Descriptions with the Term

Question 10

Multiple Choice

Match each of the following formulas or descriptions with the term (a-e) it defines.
-(Actual Price - Standard Price) × Actual Quantity


A) Direct materials price variance
B) Direct labor rate variance
C) Direct labor time variance
D) Direct materials quantity variance
E) Budgeted variable factory overhead

Correct Answer:

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