MCQOPTIONS
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MCQOPTIONS
| 1. |
Material cost variances is measured as |
| A. | Total standard cost - Total actual cost |
| B. | Standard cost of revised standard mix - Standard cost of actual mix |
| C. | (Standard unit price - Actual unit price) * Actual quantity used |
| D. | (Standard quantity - Actual quantity) * Unit standard price |
| Answer» B. Standard cost of revised standard mix - Standard cost of actual mix | |