Which of the following is the correct formula for measuring a cost variance?
A) Cost Variance = (Actual Cost + Standard Cost) / Actual Quantity
B) Cost Variance = (Actual Cost - Standard Cost) x Actual Quantity
C) Cost Variance = (Actual Cost + Standard Cost) + Actual Quantity
D) Cost Variance = (Actual Cost - Standard Cost) - Actual Quantity
B
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Obtaining criterion data at about the same time as test scores (or other predictive information) is the technique used in
A. predictive validity. B. concurrent validity. C. content validity. D. correlational validity.
Duffy and Elbert agree to hijack a truck carrying a load of almonds. Duffy later refuses to go through with the crime. Elbert can
a. enforce the agreement. b. obtain damages from Duffy in the amount of Duffy's probable share of the illegal profits. c. recover in quasi contract for the loss of his share of the illegal profits. d. not enforce the agreement or recover damages.
A measure of sensitivity of demand in relation to changes in price is
A. a demand curve. B. a prestige graph. C. marginal analysis. D. price elasticity of demand. E. quantity elasticity.
Discuss the underlying logic of the service-profit chain
What will be an ideal response?