Match the Variance to the Correct Definition

Multiple Choice

Match the variance to the correct definition.
-Efficiency variance

A) measures how well the business uses its materials or human resources
B) the difference between the expected results in the flexible budget for the actual units sold and the static budget
C) the difference between actual results and expected results in the flexible budget for the actual units sold
D) measures how well the business keeps unit material and labor costs within standards
E) the difference between actual results and the expected results in the static budget