The General Model for Computing a Price Variance Is

question 16

Multiple Choice

The general model for computing a price variance is:

• A) difference in unit price × actual quantity of inputs.
• B) difference in unit price × standard quantity of inputs.
• C) standard price × (actual quantity of inputs - standard quantity allowed for units of output).
• D) actual price × difference in quantity of inputs.

---

Definitions:

Yasir Arafat

A Palestinian political leader and Chairman of the Palestine Liberation Organization, known for his role in the Israeli-Palestinian conflict.

Yitzhak Rabin

The fifth Prime Minister of Israel, known for his efforts in the peace process with Palestine, including the signing of the Oslo Accords.

Gaza Strip

A small region on the eastern coast of the Mediterranean Sea that borders Egypt and Israel, known for its historic conflict and as a significant geographical area in the Israeli-Palestinian conflict.

West Bank

A territory located in the Middle East, bordered by Israel and Jordan, known for its ongoing political and territorial disputes.