A material quantity variance is shown by
A) SP (AQ - SQ).
B) (SQ) (AQ).
C) (AQ - SQ).
D) (AQ - SQ) (AP - SP).

Name: A material quantity variance is shown by A) SP (AQ - SQ). B) (SQ) (AQ). C) (AQ - SQ). D) (AQ - SQ) (AP - SP).
Brand: Quizplus
Rating: 4.8 (31 reviews)

Question

Quizplus · Accepted Answer

The material quantity variance is calculated as the difference between the actual quantity used and the standard quantity allowed, multiplied by the standard price (SP). Hence, the formula is SP (AQ - SQ).

A Material Quantity Variance Is Shown by