The Difference Between Actual and Standard Cost Caused by the Difference

Multiple Choice

The difference between actual and standard cost caused by the difference between the actual number of resource-units used and the standard number of resource-units that should have been used for the output of the period is called the:

A) Controllable variance.
B) Master budget variance.
C) Flexible-budget variance.
D) Quantity (or efficiency or usage) variance.
E) Price variance.