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Which of the following formulas is incorrect? Question 9 options: DM Quantity Variance = Standard Price X (DM Used (Actual Output X Standard DM Input
Which of the following formulas is incorrect?
Question 9 options:
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DM Quantity Variance = Standard Price X (DM Used (Actual Output X Standard DM Input Ratio))
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DL Efficiency Variance = Standard Rate X (Hours Logged Hours Allowed)
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DL Rate Variance = Hours Logged X (Actual Rate Standard Rate)
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DM Price Variance = Quantity of DM Purchased X (Actual Price Standard Price)
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All the formulas above are correct.
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