Question

When computing variances from standard costs, the difference between actual and standard price multiplied by actual quantity used yields a

a. combined price-quantity variance
b. price variance
c. quantity variance
d. mix variance

Answer 1

The difference between actual and standard price multiplied by actual quantity used yields a combined price-quantity variance.

Step-by-step explanation:

When computing variances from standard costs, the difference between actual and standard price multiplied by actual quantity used yields a combined price-quantity variance.