The Difference Between Actual and Standard Cost Caused by the Difference

question 60

Multiple Choice

The difference between actual and standard cost caused by the difference between the actual number of resource-units used and the standard number of resource-units that should have been used for the output of the period is called the:

• A) Controllable variance.
• B) Master budget variance.
• C) Flexible-budget variance.
• D) Quantity (or efficiency or usage) variance.
• E) Price variance.

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