The sum of the material price variance (calculated at point of purchase)and material quantity variance equals
A)the total cost variance.
B)the material mix variance.
C)the material yield variance.
D)no meaningful number.

Question

Quizplus · Accepted Answer

The material price variance and material quantity variance are components of the total material variance, but their sum does not equate to any specific meaningful number like total cost variance, mix variance, or yield variance.

The Sum of the Material Price Variance (Calculated at Point