Match Each of the Following Formulas or Descriptions with the Term

question 55

Multiple Choice

Match each of the following formulas or descriptions with the term (a-e) it defines.
-(Actual Direct Hours - Standard Direct Hours) × Standard Rate per Hour

• A)Direct materials price variance
• B)Direct labor rate variance
• C)Direct labor time variance
• D)Direct materials quantity variance
• E)Budgeted variable factory overhead