The total manufacturing cost variance is
A) the difference between actual costs and standard costs for units produced
B) the flexible budget variance plus the time variance
C) the difference between planned costs and standard costs for units produced
D) none of the answers are correct

Question

Quizplus · Accepted Answer

The total manufacturing cost variance is the difference between actual costs and standard costs for units produced. This measures the overall difference between what was actually spent on manufacturing a product and what should have been spent based on the predetermined standards.

The Total Manufacturing Cost Variance Is