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weeeeeb [17]
3 years ago
8

The difference between actual and standard cost caused by the difference between the actual quantity and the standard quantity i

s called the: Group of answer choices Controllable variance. Standard variance. Budget variance. Quantity variance. Price variance.
Business
1 answer:
victus00 [196]3 years ago
5 0

Answer:

Quantity variance.

Explanation:

The difference between actual and standard cost caused by the difference between the actual quantity and the standard quantity is called the Quantity variance.

For instance, if Tony needs a standard quantity of 50 pounds of iron to construct a burglary, but only used 51 pounds, then the quantity variance is 1 pound of iron.

<em>Hence, the quantity variance is simply the difference between the actual quantity of materials that should be used and the quantity of materials that was used. </em>

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