Mcqs Clouds
mcqsclouds.com

The material usage variance which results due to the difference between standard quantities specified is measured as

A. Total standard cost - Total actual cost

B. Standard cost of revised standard mix - Standard cost of actual mix

C. (Standard unit price - Actual unit price) * Actual quantity used

D. (Standard quantity - Actual quantity) * Unit standard price

Related Questions on Management Accounting Test Questions

Time value of money indicates that

A. A unit of money obtained today is worth more than a unit of money obtained in future

B. A unit of money obtained today is worth less than a unit of money obtained in future

C. There is no difference in the value of money obtained today and tomorrow

D. None of the above