The quantity variance for an item is the difference between its actual quantity and its standard quantity multiplied by

Question

Quizplus · Accepted Answer

The quantity variance is a measure of how much more or less of a particular item was used than was planned for. It is calculated by subtracting the standard quantity from the actual quantity and then multiplying the difference by the standard cost of the item. Therefore, the best choice is A, as it accurately represents the calculation of the quantity variance.

The Quantity Variance for an Item Is the Difference Between