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the difference between actual and standard price multiplied by actual quantity yields:

Combined price and quantity variance
Effeciency variance
Price variance
Or
Quantity variance

2007-11-24 09:20:09 · 3 answers · asked by Anonymous in Business & Finance Other - Business & Finance

3 answers

The difference between actual and standard price multiplied by actual quantity yields the Price variance. There's a very good template for this at the link.

2007-11-24 17:34:02 · answer #1 · answered by Sandy 7 · 0 0

price variance is the difference between actual and standard price

There is no quantity variance because you are only using actual quantity

On that basis I would say that the only answer that fits is Efficiency Variance

2007-11-24 17:27:13 · answer #2 · answered by Anonymous · 1 0

price

this should help you
http://futureaccountant.com/standard-costing-variance-analysis/

2007-11-27 14:20:34 · answer #3 · answered by krishbhavara 6 · 0 0

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