Match the correct calculation for Direct Materials Price and Quantity variances. Materials Quantity Variance Choose... . Materials Price Variance Choose. Choose... (AQ'X AP) - (AQ X SP) (AQ X SP) - (SQ X SP) True/False: The following is Dr. Work-in-Process (AQ x AP) - (SQ x SP) ecord a FAVORABLE price variance... (AQ X SP) - (AQ X AP) ni Dikiniaalarin Match each expanded formula with its correct "condensed" formula Materials Quantity Variance = (AQ X SP) - (SQ x SP) Choose... . Materials Price Variance = (AQ X AP) - (AQ X SP) Choose... (AP)X(AQ-SO) (AQ)X(AP-SP) (SP)XCAQ-SO) True/False: When standards no longer reflect the op (SQ)X(AP-SP) the standards should he revised hat they were intended to measu Which of the following correctly represents the concept of Cost Variance? Select one: O a. Standard Cost / Actual Cost = Cost Variance O b. Standard Cost Actual Cost = Cost Variance c. Standard Cost x Actual Cost = Cost Variance O d. Standard Cost + Actual Cost = Cost Variance Match the correct calculation for Direct Labor Rate and Time variances. Direct Labor Rate Variance Choose.. Direct Labor Time Variance Choose... (AH x SR) - (AH XAR) (AH XAR) - (AHX SR) (AH X SR) - (SH X SR) This week, you made 50 uni (AH XAR) - (SH X SR) s the following standards and actuals