Multiple Choice
Which of the following mathematical expressions is used to compute the materials usage variance?
A) (Standard Price × Actual Quantity) - (Standard Price × Standard Quantity)
B) (Fixed Price × Standard Quantity) + (Variable Price × Actual Quantity)
C) (Average Price × Average Quantity) - (Standard Price × Standard Quantity)
D) (Actual Price × Standard Quantity) + (Actual Quantity × Standard Price)
E) None of these.
Correct Answer:
Verified
Correct Answer:
Verified
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