Which of the Following Choices Correctly Notes the Use of the Standard

question 33

Multiple Choice

Which of the following choices correctly notes the use of the standard price per unit of direct material when calculating the direct-material price variance and the direct-material quantity variance? $\begin{array} { | l | c | l | } \hline & \text { Price Variance } & \text { Quantity Variance } \\\hline 1 & \text { Used } & \text { Always used } \\\hline 2 & \text { Used } & \text { Occasionally used } \\\hline 3 & \text { Used } & \text { Not used } \\\hline 4 & \text { Not used } & \text { Always used } \\\hline 5 & \text { Not used } & \text { Not used } \\\hline\end{array}$

• A)1
• B)2
• C)3
• D)4
• E)5

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