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:

Self-actualizers

Individuals who fulfill their potentialities, realizing their talents and capabilities, often considered the final level in Maslow's hierarchy of needs.

Personal Relationships

Connections or associations between individuals, based on emotional bonds and interactions, which include friendships, family, and romantic partnerships.

Self-actualizers

Individuals who achieve the highest level of personal growth and fulfillment, according to Maslow's hierarchy of needs.

Metaneeds

Higher-level psychological needs described by Abraham Maslow, such as self-actualization, beyond basic physiological and safety needs.