When Computing Standard Cost Variances, the Difference Between Actual and Standard

question 61

Multiple Choice

When computing standard cost variances, the difference between actual and standard prices multiplied by actual quantity yields a(n) : (CMA adapted)

• A) combined price and quantity variance.
• B) efficiency variance.
• C) price variance.
• D) quantity variance.

---

Definitions:

Copyrighted Works

These are creations such as books, music, software, and art that are legally protected, preventing unauthorized replication or use.

Trademarks

Symbols, names, or signs used by businesses to identify their goods or services and distinguish them from competitors.

Untrue Information

Refers to data or statements that are false or incorrect, often spread to deceive or mislead.

Cyber Libel

The act of publishing false and defamatory statements about an individual or organization on the internet, which can harm reputations and lead to legal action.