Which of the Following Is the Correct Formula for the Materials

question 137

Multiple Choice

Which of the following is the correct formula for the materials price variance?

• A) (Actual price of input - Budgeted price of input) x Budgeted quantity of input
• B) (Actual quantity of input used - Budgeted quantity of input allowed for actual output) x Budgeted price of input
• C) (Actual price of input - Budgeted price of input) x Actual quantity of input
• D) (Actual quantity of input used - Budgeted quantity of input allowed for actual output) x Actual price of input

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Definitions:

Dance Class

A structured session where individuals learn and practice dance moves under the guidance of a dance instructor.

Waltz

A ballroom and folk dance in triple time, often associated with elegant and graceful movements.

Merengue

A style of fast-paced, rhythmic Latin American music and dance originating from the Dominican Republic.

Old Friend

A person with whom one has had a friendship for a long time, often sharing many past experiences.