SCENARIO 20-4 A Stock Portfolio Has the Following Returns Under the Market

question 122

Multiple Choice

SCENARIO 20-4
A stock portfolio has the following returns under the market conditions listed below.

-Referring to Scenario 20-4,what is the EMV?

• A)$180
• B)$130
• C)$90
• D)$80

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Definitions:

Materials Price Variance

Materials price variance is the difference between the actual cost of materials used in production and the expected (or standard) cost, indicating efficient materials purchasing.

AQ × AP

Represents the multiplication of the Actual Quantity (AQ) by the Actual Price (AP), often used in financial and operational analyses.

Total Variance

The overall difference between planned or standard costs and the actual costs incurred.

Total Labor Variance

The difference between the actual cost of labor and the budgeted or standard cost of labor over a period.