Match Each of the Following Calculations with Their Corresponding Variance

question 44

Multiple Choice

Match each of the following calculations with their corresponding variance.
-Actual costs

• 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:

Return

The gain or loss on an investment over a specified period, expressed as a percentage increase over the original investment cost.

Invest

Allocating resources, usually financial, with the expectation of generating an income or profit.

Annual Interest

The amount of interest earned or paid over one year, expressed as a percentage of the principal.

Retirement Fund

A financial arrangement designed to replace employment income upon retirement, commonly managed through savings or investment plans.