Ask Question
BusinessBusiness
10 March, 11:23

The materials quantity variance is the difference between: a. (AQ) x (AP) and (AQ) x (SP). b. (AQ) x (AP) and (SQ) x (SP). c. (AQ) x (SP) and (SQ) x (SP). d. (AQ) x (SP) and (SQ) x (AP).

+5
Answers (1)
  1. 10 March, 13:29
    0
    c. (AQ) x (SP) and (SQ) x (SP).

    Explanation:

    The materials quantity variance is the difference between (AQ) x (SP) and (SQ) x (SP).

    The difference between the actual quantity at standard price and the standard cost (SQ x SP) is the direct materials quantity variance.

    A material quantity variance is the difference between the actual amount of materials used in the production process and the amount that was expected to be used. The measurement is employed to determine the efficiency of a production process in converting raw materials into finished goods.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The materials quantity variance is the difference between: a. (AQ) x (AP) and (AQ) x (SP). b. (AQ) x (AP) and (SQ) x (SP). c. (AQ) x (SP) ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
All of the following statements are true, except: individuals without credit reports should always first apply to mainstream lenders.
Answers (1)
The financial system of a country is important for long-run economic growth because: A. most firms rely on their own retained earnings and do not use the financial system. B. firms that use the financial system predominantly are being reckless. C.
Answers (1)
Peterson Company's petty cash fund was established on January 1 with $500. On January 31, a count of the fund revealed: $105 in cash remaining and vouchers for miscellaneous expenses totaling $400.
Answers (1)
Al's Sport Store has sales of $897,400, costs of goods sold of $628,300, inventory of $208,400, and accounts receivable of $74,100. How many days, on average, does it take the firm to sell its inventory assuming that all sales are on credit? a. 74.
Answers (1)
Your grandmother has promised to give you $10,000 when you graduate from college. If you speed up your graduation by one year and graduate two years from now rather than the expected three years, the present value of this gift will:
Answers (1)
New Questions in Business
Castillo Company has a defined benefit pension plan. At the end of the reporting year, the following data were available: beginning PBO, $81,000; service cost, $18,600; interest cost, $5,600; benefits paid for the year, $9,600; ending PBO, $95,600;
Answers (1)
Tina Dooley, a salesperson, ordered this listing in the real estate section of the local phone directory: Tina Dooley, Real Estate Salesperson, Residential Property My Specialty." What additional information must be included
Answers (1)
Tomika Corporation has current and accumulated earnings and profits of $0. Tomika distributes $10,000 to its sole shareholder, Alana. What are Tomika's earnings and profits after the distribution? A. $0 B. ($10,000) C. $10,000 D. none of the above
Answers (1)
An HR manager for PepsiCo, a company known for its commitment to diversity, is seeking to hire employees who are very comfortable with racial, cultural, and sexual diversity.
Answers (1)
All of the following food safety hazards can cause food to become unsafe for human consumption, except for: Biological Chemical Metaphysical Physical
Answers (1)
Home » Business » The materials quantity variance is the difference between: a. (AQ) x (AP) and (AQ) x (SP). b. (AQ) x (AP) and (SQ) x (SP). c. (AQ) x (SP) and (SQ) x (SP). d. (AQ) x (SP) and (SQ) x (AP).
Sign Up Forgot Password?