Match the List-I with List-II
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LIST I Types of Variance |
LIST II Formula |
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A. |
Material Cost Variance |
I. |
(Standard Quantity - Actual Quantity) X standard price |
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B. |
Material Price Variance |
II. |
(Standard price - Actual price) X Actual Quantity |
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C. |
Material
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III. |
Standard cost of actual quantity of actual mixture- Standard cost of actual quantity of standard mixture |
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D. |
Material Mix Variance |
IV. |
(Standard price X standard quantity) - (Actual price X Actual Quantity) |
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1
A-I, B-II, C-III, D-IV
2
A-IV, B-I, C-II, D-III
3
A-II, B-IV, C-I, D-III
4
A-IV, B-II, C-I, D-III