The direct materials quantity variance is the difference between the actual quantity used and the standard quantity times the standard price.
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Q21: The variable overhead efficiency variance is the
Q22: A flexible budget is a summary of
Q25: The total overhead variance is the difference
Q25: Another name for a flexible budget is
Q26: If actual capacity used exceeds expected capacity,
Q27: The "flex" in the flexible budget formula
Q29: The direct labor efficiency variance is the
Q32: The static budget can be adjusted automatically
Q35: A performance report should contain cost or
Q36: It is not necessary to provide an
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