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Which of the following equations can be used to compute a materials quantity variance (where AQ= actual quantity; SQ = standard quantity allowed; AP =

Which of the following equations can be used to compute a materials quantity variance (where AQ= actual quantity; SQ = standard quantity allowed; AP = actual price; SP standard price)? Multiple Choice = [SP (AQ-SQ)] [AP (AQ - SQ)] [AP (AQ - SQ)] [SP X (AQ - SQ)]

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