Multiple Choice
Which of the following formulas computes usage (efficiency) variance?
A) (Actual Quantity - Average Quantity) × Standard Price per Unit
B) (Actual Quantity - Standard Quantity) × Standard Price per Unit
C) (Actual Quantity - Fixed Quantity) × Standard Price per Unit
D) (Actual Quantity - Variable Quantity) × Standard Price per Unit
E) None of these.
Correct Answer:
Verified
Correct Answer:
Verified
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