Question 7 Which of the following accurately represents the "split cost" for analyzing the direct materials flexible budget variance? A) Actual Quantity x Actual Price O B) Actual Quantity x Standard Price C) Standard Quantity x Actual Price D) Standard Quantity x Standard Price E) None of the above Question 8 The equation to calculate the direct materials price variance is: A) AQ (SP-AP) O B) SP x (AQ-SQ) C)AP (AQ-SQ) O D) SQ (AP-SP) OE) None of the above