Multiple Choice
Which of the following formulae is the correct formula to measure the efficiency variance?
A) Efficiency Variance = (Actual Quantity + Standard Quantity) - Standard Cost
B) Efficiency Variance = (Actual Quantity × Standard Quantity) ÷ Standard Cost
C) Efficiency Variance = (Actual Quantity ÷ Standard Quantity) × Standard Cost
D) Efficiency Variance = (Actual Quantity - Standard Quantity) × Standard Cost
Correct Answer:
Verified
Correct Answer:
Verified
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