FINANCIAL & MANAGERIAL ACCOUNTING (LL)(W
9th Edition
ISBN: 9781265464103
Author: Wild
Publisher: MCG
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Chapter 21, Problem 7DQ
To determine
Quantity Variance:
The difference between the expected usage of a particular thing and its actual usage gives the quantity variance.
Price Variance:
The price variance is referred as the difference between the price paid to buy a particular product and the standard price of the product, and this whole is multiplied by the number of units which are purchased.
To identify: Quantity variance and price variance.
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Portfolio return, variance, standard deviation; Author: MyFinanceTeacher;https://www.youtube.com/watch?v=RWT0kx36vZE;License: Standard YouTube License, CC-BY