The general model for calculating a quantity variance is:
Answer
standard price x (actual quantity of inputs used - standard quantity allowed for output).
actual quantity of inputs used x (actual price - standard price). | |
standard price x (actual quantity of inputs used - standard quantity allowed for output). | |
(actual quantity of inputs used at actual price) - (standard quantity allowed for output at standard price). | |
actual price x (actual quantity of inputs used - standard quantity allowed for output). |
standard price x (actual quantity of inputs used - standard quantity allowed for output).
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