Teaching DSSSB PGT Mock Test 2025 Accounting and Auditing Cost and Management Accounting Standard costing
Match the following:
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LIST I Variances |
LIST II Description |
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| A. | Price variance | I. | Measures the difference between the actual quantity of materials used and the standard quantity allowed for the actual level of output. |
| B. | Quantity variance | II. | Measures the difference between the actual cost of materials used and the standard cost of the actual quantity of materials used. |
| C. | Material cost variance | III. | Measures the difference between the actual price paid for materials and the standard price specified for the actual quantity of materials purchased. |
| D. | Labor efficiency variance | IV. | Measures the difference between the actual hours worked and the standard hours allowed for the actual level of output. |
1
A-III, B-II, C-I, D-IV
2
A-III, B-I, C-II, D-IV
3
A-II, B-I, C-III, D-IV
4
A-III, B-I, C-IV, D-I