Multiple Choice
Which formula is used to calculate the materials usage variance?
A) (standard price × actual quantity) − (standard price × standard quantity)
B) (standard price × standard quality) − (standard price × actual quantity)
C) (actual price × actual quantity) − (standard price × actual quantity)
D) (actual price × standard quantity) − (actual quantity × standard price)
Correct Answer:
Verified
Correct Answer:
Verified
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