Interval scale Ordinal scale II Nominal scale IV Ratio scale 5 Jane calculated the material quantity variance by comparing the standard cost of materials (set by management) with the actual cost of materials. The standard cost was $10,000 and the actual cost was $10,200. Therefore the materials quantity variance was $200 (unfavourable). The variance is based on: a) 1. b) II. c) III. d) IV. 6 Which of the above could be used for ranking? a) I and IV. b) ll and Ill c) Only ill d) I, Ill and IV