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

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The quantity variance is a part of the cost variance analysis which is focused on analyzing the difference between actual costs and standard costs. The calculation of quantity variance is based on the deviation between the actual quantity and the standard quantity. Hence, the quantity variance is multiplied by the standard cost of the item to determine the amount of the variance.

The Quantity Variance for an Item Is the Difference Between