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Which of the Following Choices Correctly Notes the Use of the Standard

Question 3

Multiple Choice

Which of the following choices correctly notes the use of the standard price per unit of direct material when calculating the direct-material price variance and the direct-material quantity variance?  Price Variance  Quantity Variance 1 Used  Always used 2 Used  Occasionally used 3 Used  Not used 4 Not used  Always used 5 Not used  Not used \begin{array} { | l | c | l | } \hline & \text { Price Variance } & \text { Quantity Variance } \\\hline 1 & \text { Used } & \text { Always used } \\\hline 2 & \text { Used } & \text { Occasionally used } \\\hline 3 & \text { Used } & \text { Not used } \\\hline 4 & \text { Not used } & \text { Always used } \\\hline 5 & \text { Not used } & \text { Not used } \\\hline\end{array}


A) 1
B) 2
C) 3
D) 4
E) 5

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