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

Question

Quizplus · Accepted Answer

The total manufacturing cost variance is defined as the difference between total actual costs and total standard costs for the units produced. This variance helps businesses understand how well they are controlling their manufacturing costs compared to what was planned or expected.

The Total Manufacturing Cost Variance Is