Let AP = actual price of raw materials, SP = the standard price, AQ = the actual quantity of materials used, and SQ = the standard quantity of materials for a given level of production. The raw materials usage variance equals
A) AP × (AQ - SQ)
B) AQ × (AP - SP)
C) SP × (AQ - SQ)
D) SQ × (AP - SP)
Correct Answer:
Verified
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