The Difference Between Actual and Standard Cost Caused by the Difference

question 32

Multiple Choice

The difference between actual and standard cost caused by the difference between the actual price and the standard price is called the:

• A) Standard variance.
• B) Quantity variance.
• C) Volume variance.
• D) Controllable variance.
• E) Price variance.

---

Definitions:

Grammar

The set of rules and principles that govern the structure of sentences in a language.

Narratives

Stories, descriptions, or accounts that detail a sequence of events, often used to communicate ideas, experiences, or values.

Communication Skills

The ability to convey or share information effectively through speaking, writing, or other forms of interaction.

Technical Skills

Specific abilities and knowledge related to the use of technology, tools, techniques, and methods in a particular field.