Tuesday, August 5, 2008

Calculate Accounting Variance Method Problem

Which one of the following accounting variances are calculated using the same method?

A) Materials quantity variance and labor efficiency variance.
B) Labor rate variance and labor efficiency variance.
C) Materials price variance, materials quantity variance, and total materials variance.
D) Materials price variance and materials quantity variance.

Answer: A

Additional Accounting Help:

Calculate Material Quantity Variance
Calculate Direct Labor Variance

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