Match Each of the Following Formulas or Descriptions with the Term

question 10

Multiple Choice

Match each of the following formulas or descriptions with the term (a-e) it defines.
-(Actual Price - Standard Price) × Actual Quantity

• 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

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Definitions:

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