Which of the Following Is the Correct Formula for Measuring

question 132

Multiple Choice

Which of the following is the correct formula for measuring a 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:

Creative Intelligence

The ability to produce new and useful ideas by combining familiar concepts in novel ways.

Practical Intelligence

A type of intelligence that involves the ability to solve everyday problems through adaptive or creative reasoning.

Crystallized Intelligence

The ability to use learned knowledge and experience, which typically increases with age.

Working Memory Capacity

The amount of information a person can hold and manipulate in their working memory at one time.