A Price Variance Compares the

Multiple Choice

A price variance compares the

A) actual cost incurred for the input (DM, DL, or variable-MOH) to the standard cost allowed for the actual input quantity.
B) actual cost incurred for the input (DM, DL, or variable-MOH) to the standard cost allowed for the standard input quantity.
C) actual quantity used of each input (DM, DL, or variable-MOH) to the standard quantity allowed for each input, at its standard cost.
D) actual quantity used of each input (DM, DL, or variable MOH) to the standard quantity allowed for each input, at its actual cost.