Question: What is the difference between calculating materials price variance and materials quantity variance? A Price variance requires knowing the standard price of materials, whereas quantity

What is the difference between calculating materials price variance and materials quantity variance?

A Price variance requires knowing the standard price of materials, whereas quantity variance requires knowing the actual price of materials.B Price variance requires knowing the actual price of materials, whereas quantity variance requires knowing the standard quantity of materials.C Price variance requires knowing the actual quantity of materials, whereas quantity variance requires knowing the actual price of materials.D Price variance requires knowing the standard quantity of materials, whereas quantity variance requires knowing the actual price of materials.

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