Which formulas computes usage variance, Accounting Basics

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Which formulas computes usage variance

Question: Which of the following formulas computes usage (efficiency) variance? a. (Actual Quantity - Standard Quantity) × Standard Price Per Unit b. (Actual Quantity - Fixed Quantity) × Standard Price Per Unit c. (Actual Quantity - Variable Quantity) × Standard Price Per Unit d. (Actual Quantity - Average Quantity) × Standard Price Per Unit

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Accounting Basics: Which formulas computes usage variance

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