Let AP = Actual Price of Raw Materials, SP =

question 5

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 price variance equals

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

---

Definitions:

Challenging

Something that demands skill, effort, or perseverance to overcome, often leading to personal growth or improvement.

Worth It

A subjective evaluation indicating that something is considered valuable or beneficial enough to justify the effort or cost involved.

Stepparent

An individual who is married to a biological parent of a child but is not the child's biological mother or father.

Previous Marriage

A marital union that has been legally dissolved through divorce or annulled, before entering into a subsequent marriage.