Which of the following descriptions best defines the materials quantity variance?
A) The difference between the static budget cost of materials used and the actual cost of materials
B) The difference between the actual cost of materials and the flexible budget cost of materials
C) The difference between the standard cost of actual materials used and the flexible budget cost for materials
D) The variation in number of units produced and available capacity

Question

Quizplus · Accepted Answer

The materials quantity variance is also the difference between actual and standard quantities times the standard price per unit of materials.

Which of the Following Descriptions Best Defines the Materials Quantity