The usage variance is the difference between the actual and standard quantity of inputs
A)multiplied by the standard unit price of the input.
B)budgeted multiplied by the standard unit price of the input.
C)multiplied by the actual unit price of the input.
D)purchased multiplied by the actual unit price of the input.
E)none of these.

Question

Quizplus · Accepted Answer

The usage variance is calculated by taking the difference between the actual and standard quantity of inputs and multiplying it by the standard unit price of the input.

The Usage Variance Is the Difference Between the Actual and Standard