Question: The general model for calculating a quantity variance is: A ) Actual quantity of inputs used ( Actual price - Standard price ) . B
The general model for calculating a quantity variance is:
A Actual quantity of inputs used Actual price Standard price
B Standard price Actual quantity of inputs used Standard quantity allowed for output
CActual quantity of inputs used Actual priceStandard quantity allowed for output Standard price
D Actual price Actual quantity of inputs used Standard quantity allowed for output
Cassie's Candles cost formula for its supplies cost is $ per month plus $ per candle. For the month of December, the company planned for activity of candles, but the actual level of activity was candles. The actual supplies cost for the month was $ The spending variance for supplies cost in December would be closest to:
A $
B $
C $
D $
A favorable materials quantity variance indicates that:
A actual usage of material exceeds the standard material allowed for output.
B standard material allowed for output exceeds the actual usage of material.
C actual material price exceeds standard price.
D standard material price exceeds actual price.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
