Match Each of the Following Calculations with Their Corresponding Variance

question 158

Multiple Choice

Match each of the following calculations with their corresponding variance.
-Total materials variance

• A)Actual quantity × actual price
• B)(Actual hours × actual rate) - (standard hours × standard rate)
• C)(Actual quantity × actual price) - (standard quantity × standard price)
• D)(Actual hours - standard hours) × standard rate
• E)(Actual price - standard price) × actual quantity
• F)Standard quantity × standard price
• G)(Actual rate - standard rate) × actual hours
• H)(Actual quantity - standard quantity) × standard price

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Definitions:

Disbursement of Funds

The process of paying out money from a fund or account to various recipients.

Blanket Lien

A legal claim that gives a lender rights to the borrower's assets as collateral for a loan, covering all of the borrower's assets rather than specific assets.

Disbursement of Funds

Disbursement of funds refers to the payment of money from a fund or account, typically for specific purposes or expenses.

ZBA

Zero Balance Account; a cash management tool in which funds are automatically transferred to maintain a zero balance, eliminating excess balances.