Which Formula Is Used to Calculate the Materials Usage Variance

question 1

Multiple Choice

Which formula is used to calculate the materials usage variance?

• A) (actual price × actual quantity) - (standard price × actual quantity)
• B) (actual price × standard quantity) - (standard price × actual quantity)
• C) (standard price × actual quantity) - (standard price × standard quantity)
• D) (standard price × standard quantity) - (standard price × actual quantity)

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Definitions:

ICD-10

The International Classification of Diseases, Tenth Revision, a medical classification list by the World Health Organization, used for coding diseases, signs, symptoms, and procedures.

Mitral Regurgitation

A condition in which the heart's mitral valve does not close tightly, allowing blood to flow backward in the heart.

ICD-9

The International Classification of Diseases, Ninth Revision, a system used for coding and classifying mortality data from death certificates.

Echocardiogram

An echocardiogram is a diagnostic test using ultrasound waves to create images of the heart, assessing its function and structure.