Question: The correct formula to compute Direct Materials Quantity Variance is : Question 7 options: Direct Materials Quantity Variance = Actual Cost + Standard Cost Direct

The correct formula to compute Direct Materials Quantity Variance is : Question 7 options:

Direct Materials Quantity Variance = Actual Cost + Standard Cost

Direct Materials Quantity Variance = Actual Cost - (Standard Price x Standard Cost)

Direct Materials Quantity Variance= Standard Cost x Actual Cost

Direct Materials Quantity Variance = (Actual Quantity x Standard Price) - Standard Cost

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