The formula for the materials quantity variance is
A) (SQ × AP) - (SQ × SP).
B) (AQ × AP) - (AQ × SP).
C) (AQ × SP) - (SQ × SP).
D) (AQ × AP) - (SQ × SP).

Question

Quizplus · Accepted Answer

The materials quantity variance is calculated as the difference between the actual quantity used at the standard price and the standard quantity allowed at the standard price, which is (AQ × SP) - (SQ × SP).

The Formula for the Materials Quantity Variance Is