{"id":55859,"date":"2024-04-16T00:34:38","date_gmt":"2024-04-16T00:34:38","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=55859"},"modified":"2024-04-16T00:34:38","modified_gmt":"2024-04-16T00:34:38","slug":"match-the-following-list-i-variances-list-ii-formulae-a-mcv-1-sp-rsq-aq-b-mpv-2-sp-sq-aq-c-muv-3-aq-consumed-sp-ap-d-mmv-4-sc-ac","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/match-the-following-list-i-variances-list-ii-formulae-a-mcv-1-sp-rsq-aq-b-mpv-2-sp-sq-aq-c-muv-3-aq-consumed-sp-ap-d-mmv-4-sc-ac\/","title":{"rendered":"Match the following. List-I (Variances) List-II (Formulae) a. MCV 1. SP (RSQ &#8211; AQ) b. MPV 2. SP (SQ &#8211; AQ) c. MUV 3. AQ consumed (SP &#8211; AP) d. MMV 4. SC &#8211; AC"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a97718a46817\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"true\">\r\n                    a-4, b-3, c-2, d-1                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    a-2, b-1, c-4, d-3                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"false\">\r\n                    a-4, b-1, c-2, d-3                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    a-3, b-4, c-2, d-1                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is: A. a-4, b-3, c-2, d-1<\/p>\n<ul>\n<li>MCV = Material Cost Variance = (SP x RSQ) &#8211; (AQ x AP)<\/li>\n<li>MPV = Material Price Variance = (SP x SQ) &#8211; (AQ x AP)<\/li>\n<li>MUV = Material Usage Variance = AQ consumed (SP &#8211; AP)<\/li>\n<li>MMV = Material Mix Variance = (SP x SQ) &#8211; (AQ x AC)<\/li>\n<\/ul>\n<p>Where:<br \/>\n* SP = Selling Price per unit<br \/>\n* RSQ = Standard Quantity allowed for actual production<br \/>\n* SQ = Standard Quantity per unit<br \/>\n* AQ = Actual Quantity used<br \/>\n* AP = Actual Price per unit<br \/>\n* AC = Actual Cost per unit<\/p>\n<p>The MCV is the difference between the actual cost of materials used and the standard cost of materials that should have been used. It is caused by variances in the actual quantity of materials used, the actual price of materials, or both.<\/p>\n<p>The MPV is the difference between the actual price of materials used and the standard price of materials that should have been used. It is caused by a change in the market price <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> of materials.<\/p>\n<p>The MUV is the difference between the actual quantity of materials used and the standard quantity that should have been used. It is caused by a change in the efficiency of the production process.<\/p>\n<p>The MMV is the difference between the standard cost of materials that should have been used and the actual cost of materials used. It is caused by a change in the mix of materials used.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Join Our Telegram Channel Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[952],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Match the following. List-I (Variances) List-II (Formulae) a. MCV 1. SP (RSQ - AQ) b. MPV 2. SP (SQ - AQ) c. MUV 3. AQ consumed (SP - AP) d. MMV 4. 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