In each of the following formulas, supply the words that should be inserted for each number in

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In each of the following formulas, supply the words that should be inserted for each number in parentheses.

(a) (Actual quantity 3 (1)) 2 (Standard quantity 3

(2)) 5 Total materials variance

(b) ((3) 3 Actual price) 2 (Actual quantity 3 (4)) 5 Materials price variance

(c) (Actual quantity 3 (5)) 2 ((6) 3 Standard price) 5 Materials quantity variance AppendixLO1

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