The direct materials quantity variance is calculated using which of the three amounts?
A)Actual quantity used,standard quantity allowed for actual production,actual price paid
B)Actual quantity used,standard quantity allowed for actual production,standard price paid
C)Standard quantity used,actual price paid,standard price paid
D)Actual quantity used,actual price paid,standard price paid

Question

Quizplus · Accepted Answer

The direct materials quantity variance is calculated using the actual quantity used, the standard quantity allowed for actual production, and the standard price paid.

The Direct Materials Quantity Variance Is Calculated Using Which of the Three