Answer the Following Questions Using the Information Below

question 1

Multiple Choice

Answer the following questions using the information below:
These questions refer to flexible-budget variance formulas with the following descriptions for the variables: A = Actual; B = Budgeted; P = Price; Q = Quantity.
-Which variance is calculated by using the formula: (AP - BP) AQ is the ________.

• A) efficiency variance
• B) price variance
• C) total flexible-budget variance
• D) material spending variance

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