The total manufacturing cost variance is

A) the difference between actual costs and standard costs for units produced
B) the flexible budget variance plus the time variance
C) the difference between planned costs and standard costs for units produced
D) None of these choices

Manufacturing Cost Variance

The difference between the actual manufacturing costs and the standard or budgeted costs.

Actual Costs

The realized expenses incurred during the production or acquisition of goods and services.

Standard Costs

Predetermined costs for materials, labor, and overhead used as a benchmark to assess the performance of actual costs.