Formula for material usage variance

Q.  The material usage variance which results due to the difference between standard quantities specified is measured as
- Published on 08 Sep 15

a. Total standard cost - Total actual cost
b. Standard cost of revised standard mix - Standard cost of actual mix
c. (Standard unit price - Actual unit price) * Actual quantity used
d. (Standard quantity - Actual quantity) * Unit standard price

ANSWER: (Standard quantity - Actual quantity) * Unit standard price

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