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Find the general model for calculating quantity variance is

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Reference no: EM132528510

Question 1: The general model for calculating a quantity variance is:

Multiple Choice

Option 1: Actual quantity of inputs used × (Actual price - Standard price).

Option 2: Standard price × (Actual quantity of inputs used - Standard quantity allowed for output).

Option 3: (Actual quantity of inputs used × Actual price) - (Standard quantity allowed for output × Standard price).

Option 4: Actual price × (Actual quantity of inputs used - Standard quantity allowed for output).

Reference no: EM132528510

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