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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:

DM Quantity Variance = Standard Price X (DM Used (Actual Output X Standard DM Input Ratio))

DL Efficiency Variance = Standard Rate X (Hours Logged Hours Allowed)

DL Rate Variance = Hours Logged X (Actual Rate Standard Rate)

DM Price Variance = Quantity of DM Purchased X (Actual Price Standard Price)

All the formulas above are correct.

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