Match the LIST-I with LIST-II

LIST - I

(Direct Material Variance)

LIST - II

(Formula)

A.

Direct material cost variance

I.

Standard price x (Revised standard quantity - Actual Quantity)

B.

Direct material price variance

II.

Standard price x (Standard Quantity for actual output quantity - Actual Quantity)

C.

Direct material usage variance

III.

Actual Quantity x (standard price - actual price)

D.

Direct material mix variance

IV.

Standard cost for actual output - actual cost

Choose the correct answer from the options given below:

Question

LIST - I (Direct Material Variance)		LIST - II (Formula)
A.	Direct material cost variance	I.	Standard price x (Revised standard quantity - Actual Quantity)
B.	Direct material price variance	II.	Standard price x (Standard Quantity for actual output quantity - Actual Quantity)
C.	Direct material usage variance	III.	Actual Quantity x (standard price - actual price)
D.	Direct material mix variance	IV.	Standard cost for actual output - actual cost