What standard cost of one of the product inputs is known as

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Problem 1: The name given to the difference between the actual cost of a product's inputs and the standard cost of one of the product's inputs is known as a ______________?

Group of answer choices

Option 1: Over-applied Amount

Option 2: Variance Amount

Option 3: Under-applied Amount

Option 4: Contra Amount

Reference no: EM132633160

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