The best label for the formula (AP – BP) AQ is the

ACCOUNTING

Multiple Choice

These questions refer to flexible-budget variance formulas with the following descriptions for the variables: A = Actual; B = Budgeted; P = Price; Q = Quantity.


The best label for the formula (AP – BP) AQ is the

a. efficiency variance

b. price variance

c. total flexible-budget variance

d. spending variance

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