The Direct Materials Quantity Variance Is Calculated Using Which Three

question 138

Multiple Choice

The direct materials quantity variance is calculated using which three amounts?

• A)Actual quantity used, standard quantity allowed for actual production, actual price paid
• B)Actual quantity used, standard quantity allowed for actual production, standard price allowed
• C)Standard quantity used, actual price paid, standard price paid
• D)Actual quantity used, actual price paid, standard price paid

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Definitions:

Depth

The vertical distance from the surface down to any point within a body of water or solid material.

Elevation

The height of a point on the earth's surface above a reference level, usually measured in meters or feet above sea level.

Index Contours

Lines on a map that represent constant elevations above sea level, distinguished by being wider or more prominent than other contour lines.

Contour Intervals

The vertical distance or difference in elevation between contour lines on a map.