Direct Materials Usage Variance Can Be Expressed As

question 10

Multiple Choice

Direct materials usage variance can be expressed as:

• A) Actual quantity x (standard price - actual quantity)
• B) Actual quantity x (standard price x standard quantity)
• C) Standard price x (actual quantity x standard quantity)
• D) Standard price x (actual quantity - standard quantity)

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Definitions:

Assignment

The transfer of rights, property, or obligations from one party to another, often seen in contracts and lease agreements.

Contractual Obligations

Duties that a party is legally bound to perform as per the terms of a contract.

Debris

The remains of something that has been destroyed or broken up.

Bankrupt

A legal status in which a person or entity is unable to repay the debts it owes to creditors.