he spending variance is Blank______.Multiple choice question.(AQ × AP) − (SQ × SP)(AQ × SP) − (SQ × SP)(AQ × AP) − (AQ × SP)
Question
Solution 1
The spending variance is calculated using the formula (AQ × AP) − (SQ × SP).
Here's a step-by-step breakdown:
- AQ stands for Actual Quantity of resources used.
- AP stands for Actual Price of resources used.
- SQ stands for Standard Quantity of resources that should have been used.
- SP stan Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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