Multiple Choice
Which of the following is the correct formula to measure cost variance?
A) Cost Variance = (Actual Cost + Standard Cost) ÷ Actual Quantity
B) Cost Variance = (Actual Cost - Standard Cost) × Actual Quantity
C) Cost Variance = (Actual Cost + Standard Cost) + Actual Quantity
D) Cost Variance = (Actual Cost - Standard Cost) - Actual Quantity
Correct Answer:
Verified
Correct Answer:
Verified
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