Multiple Choice
Match each of the following calculations with their corresponding variance.
-Total materials variance
A) Actual quantity × actual price
B) (Actual hours × actual rate) - (standard hours × standard rate)
C) (Actual quantity × actual price) - (standard quantity × standard price)
D) (Actual hours - standard hours) × standard rate
E) (Actual price - standard price) × actual quantity
F) Standard quantity × standard price
G) (Actual rate - standard rate) × actual hours
H) (Actual quantity - standard quantity) × standard price
Correct Answer:

Verified
Correct Answer:
Verified
Q51: Matching<br>Match each item with the correct statement
Q153: Allan Company<br>Allan Company manufactures overalls. During
Q154: Which variance is the difference between the
Q155: During September, a small roofing company purchased
Q156: Serenity Equestrian Corporation<br>Serenity Equestrian Corporation produces
Q157: Refer to Risco Company. Suppose the actual
Q159: Match each of the following terms with
Q160: Appliance Company inspects every steam iron it
Q161: The sum of the material price variance
Q162: Ponte Company produced 2,500 widgets during December