Which Variance Compares Actual Inputs Used at Actual and Standard

question 65

Multiple Choice

Which variance compares actual inputs used at actual and standard prices?

• A) Price variance
• B) Quantity variance
• C) Usage variance
• D) None of these are correct

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Definitions:

Divisional Grapevine

Informal and unofficial channels of communication within a specific division or area of an organization.

Mum Effect

Occurs when people are reluctant to communicate bad news.

Retribution

The infliction of punishment or penalty in response to wrongdoing, often seen as a form of justice.

Personal Mistakes

Errors or poor decisions made by an individual, often leading to learning opportunities.