Which of the following descriptions best defines the materials quantity variance? Select one: A. The...

60.1K

Verified Solution

Question

Accounting

Which of the following descriptions best defines the materials quantity variance?

Select one:

A. The difference between the static budget cost of materials used and the actual cost of materials

B. The variation in number of units produced and available capacity

C. The difference between the actual cost of materials and the flexible budget cost of materials

D. The difference between the standard cost of actual materials used and the flexible budget cost for materials

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students