Question: Answer the following question using the information below: This question refers to flexible-budget variance formulas with the following descriptions for the variables: A Actual; B

Answer the following question using the information below: This question refers to flexible-budget variance formulas with the following descriptions for the variables: A Actual; B Budgeted; P Price; Q Quantity Which variance is calculated by using the formula: (AP BP) AQ is the O A. material spending variance O B. price variance O C. efficiency variance O D. total flexible-budget variance

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