Question

A quantity variance is Blank______.

Multiple choice question.

based only on the actual quantity of inputs


calculated using the standard price of the input


based only on the standard quantity of inputs


calculated using the actual price of the input

Answer 1

A quantity variance is **based only on the actual quantity of inputs**.

This variance measures the difference between the actual quantity of inputs used and the standard quantity that should have been used for the actual output, multiplied by the standard price of the input.