The ________ "tells managers how much of the total direct materials variance is due to using more or less materials than anticipated the by standards."
A)production volume variance
B)overhead flexible budget variance
C)price variance
D)quantity variance

Question

Quizplus · Accepted Answer

The quantity variance is a measure of the difference between the standard quantity of materials that should have been used for the actual production and the actual quantity of materials that were used. This variance tells managers how much of the total direct materials variance is due to using more or less materials than anticipated by the standards. Therefore, the correct choice is D) quantity variance.

The ________ "Tells Managers How Much of the Total Direct