The difference between the actual quantity and the standard quantity, multiplied by the standard price, is the:

the material quantity variance

Explanation:

As we know that

Material quantity variance is

= (Standard quantity - actual quantity) × standard price

This represent that the difference between the standard quantity and the actual quantity should be multiplied with the standard price is known as the material quantity variance

Therefore as per the given situation, the material quantity variance is the answer

Hence, the same is to be considered

750 h and costs $0.60 per bulb.

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