Match the Variance with Its Correct Calculation

question 192

Multiple Choice

Match the variance with its correct calculation.
-Total Materials Variance

• A)Actual Quantity × Actual Price
• B)(Actual Hours × Actual Rate) − (Standard Hours × Standard Rate)
• C)(Actual Quantity × Actual Price) − (Standard Quantity × Standard Price)
• D)(Actual Hours − Standard Hours) × Standard Rate
• E)(Actual Price − Standard Price) × Actual Quantity
• F)Standard Quantity × Standard Price
• G)(Actual Rate − Standard Rate) × Actual Hours
• H)(Actual Quantity − Standard Quantity) × Standard Price

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Definitions:

Marketing Objectives

Defined as specific goals set by a business when promoting its products or services to potential consumers that should be achieved within a given timeframe.

Products/Services Section

A part of a business plan or report that describes the goods or services offered by a company, detailing features, benefits, and target markets.

Marketing Plan

A marketing plan is a comprehensive document or blueprint that outlines an organization's advertising and marketing efforts for the coming period, detailing strategies for reaching target markets.

Alternative Plans

Contingent strategies prepared to address potential challenges or opportunities that may affect original plans.