Question

The total manufacturing cost variance is Group of answer choices none of the answers are correct the difference between planned costs and standard costs for units produced the difference between actual costs and standard costs for units produced the flexible budget variance plus the time variance

Answer 1

Answer:

The correct answer is the third option: the difference between actual costs and standard costs for units produced.

Explanation:

To begin with, the total manufacturing costs variance is the concept known in the field of business and that is comprehended in the accounting field that involves and cosists of direct materialsl costs variance, direct labor costs variance and factory overhead costs variance. And therefore that it implicates the  difference between what actually all that variables end up costing and what the company thought that it will cost regarding their standards given.