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theroyalty theroyalty
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1 months ago
The direct materials quantity variance is calculated using which three amounts?

▸ Actual quantity used, standard quantity allowed for actual production, actual price paid

▸ Standard quantity used, actual price paid, standard price paid

▸ Actual quantity used, standard quantity allowed for actual production, standard price allowed

▸ Actual quantity used, actual price paid, standard price paid
Textbook 

Managerial Accounting


Edition: 4th
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silvermoon197silvermoon197
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Actual quantity used, standard quantity allowed for actual production, standard price allowed

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