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johndoris johndoris
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A year ago

The general model for calculating a quantity variance is:



▸

Actual quantity of inputs used × (Actual price − Standard price).



▸

Standard price × (Actual quantity of inputs used − Standard quantity allowed for output).



▸

(Actual quantity of inputs used × Actual price) − (Standard quantity allowed for output × Standard price).



▸

Actual price × (Actual quantity of inputs used − Standard quantity allowed for output).

Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
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isaw09isaw09
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A year ago
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Thank you, thank you, thank you!
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