Which of the Following Is the Correct Formula to Measure

question 68

Multiple Choice

Which of the following is the correct formula to measure cost variance?

• A)Cost Variance = (Actual Cost + Standard Cost)÷ Actual Quantity
• B)Cost Variance = (Actual Cost - Standard Cost)× Actual Quantity
• C)Cost Variance = (Actual Cost + Standard Cost)+ Actual Quantity
• D)Cost Variance = (Actual Cost - Standard Cost)- Actual Quantity

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Definitions:

Geocentric Staffing Model

A global staffing approach that selects the best individuals for positions regardless of their nationalities, focusing on global business needs.

International Business

Commercial transactions that occur across national borders, involving the exchange of goods, services, technology, and capital.

Qualified Candidates

Individuals who meet the necessary requirements and criteria for a job or position.

National Culture

The set of shared values, beliefs, customs, and practices that characterize a country or nation.