Multiple Choice
The formula for the efficiency variance is
A) (Actual output - Budgeted output) *Budgeted cost/output
B) ((Actual cost/Actual input) - (Budgeted cost/Budgeted input) ) *Actual quantity of input used
C) (Actual inputs/Actual activity - Budgeted inputs/Budgeted activity) *Budgeted cost/input * Actual activities produced
D) (Actual activity/Actual output - Budgeted activity/Budgeted output) *Budgeted cost per activity*Actual output
Correct Answer:
Verified
Correct Answer:
Verified
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