The Formula to Compute Direct Materials Price Variance Is to Calculate

question 28

Multiple Choice

The formula to compute direct materials price variance is to calculate the difference between

• A) actual costs - (actual quantity * standard price)
• B) actual cost + standard costs
• C) actual cost - standard costs
• D) (actual quantity * standard price) -standard costs

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Definitions:

Data Files

Digital files that store data, which can be accessed or processed by software applications.

Output Instructions

Commands or directives in a computer program or control system that cause the system to produce or alter external signals or data.

Scan Time

The time taken by a PLC to read inputs, execute a program, and update outputs, a critical parameter for real-time control system performance.