Question: The correct formula to compute Direct Materials Quantity Variance is :a) Direct Materials Quantity Variance = Actual Cost - (Standard Price x Standard Cost) b)

The correct formula to compute Direct Materials Quantity Variance is :a) Direct Materials Quantity Variance = Actual Cost - (Standard Price x Standard Cost) b) Direct Materials Quantity Variance = (Actual Quantity x Standard Price) - Standard Cost c) Direct Materials Quantity Variance = Actual Cost + Standard Cost d) Direct Materials Quantity Variance= Standard Cost x Actual Cost

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