Which of the following is the difference between the actual cost of materials and the materials cost allowed for the actual level of activity?
A) Total materials variance
B) Total materials regression
C) Total materials cost
D) Total materials margin
E) None of these

Question

Quizplus · Accepted Answer

The difference between the actual cost of materials and the materials cost allowed for the actual level of activity is known as the total materials variance. This variance is calculated by subtracting the standard cost of materials from the actual cost of materials.

Which of the Following Is the Difference Between the Actual