The difference between actual quantity of input used and the standard quantity of input used results in a:
A) Quantity variance.
B) Standard variance.
C) Budget variance.
D) Controllable variance.
E) Price variance.

Question

Quizplus · Accepted Answer

The difference between actual quantity of input used and the standard quantity of input used is referred to as the quantity variance. This variance evaluates the deviation in the amount of input required to produce a given level of output.

The Difference Between Actual Quantity of Input Used and the Standard