Let AP = Actual Price of Raw Materials, SP =

question 101

Multiple Choice

Let AP = actual price of raw materials, SP = the standard price, AQ = the actual quantity of materials used, and SQ = the standard quantity of materials for a given level of production. The raw materials usage variance equals

• A) AP × (AQ - SQ)
• B) AQ × (AP - SP)
• C) SP × (AQ - SQ)
• D) SQ × (AP - SP)

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