Match Each of the Following Calculations with Their Corresponding Variance

question 127

Multiple Choice

Match each of the following calculations with their corresponding variance.
-Materials usage 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:

Features

Distinct attributes or capabilities of a product or service that are highlighted to differentiate it from competitors in the market.

Business Model Canvas (BMC)

A one-page plan that divides the business model into nine components in order to provide a more thorough overview.

Offering

A product, service, or idea that is put forth for consideration or sale to the public or a specific market segment.

Value Proposition

A statement that clearly outlines what value a product or service provides to a target demographic, distinguishing it from competitors.