Multiple Choice
The direct materials inventory variance is calculated as:
A) (Actual Price - Standard Price) x Actual Quantity Used
B) (Standard Price - Actual Price) x Standard Quantity Allowed
C) (Actual Quantity Used - Actual Quantity Purchased) x Actual Price
D) (Actual Quantity Purchased - Actual Quantity Used) x Standard Price
Correct Answer:
Verified
Correct Answer:
Verified
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