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Which of the following is not true of variances? A. Material spending (total) variance = Price variance + Quantity variance. B. Spending (total) variance =

Which of the following is not true of variances?

A.

Material spending (total) variance = Price variance + Quantity variance.
B.

Spending (total) variance = Actual cost Standard cost
C.

If a cost variance is negative, it is favorable.
D.

(Price variance) X (Quantity variance) < 0

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