Management Accounting Test Questions

Q.  Material sub usage variance is measured by using the formula

a. (Actual yield + Standard yield) * Standard cost per unit
b. Standard cost of revised standard mix - Standard cost of actual mix
c. (Standard unit price - Actual unit price) * Actual quantity used
d. (Standard quantity - Revised standard quantity) * Standard price


ANSWER: See Answer
 
No explanation is available for this question!