A favorable efficiency variance for direct materials might indicate:
A) that lower-quality materials were purchased
B) an overskilled workforce
C) poor design of products or processes
D) a lower-priced supplier was used
Correct Answer:
Verified
Q83: A standard is attainable through efficient operations
Q90: To prepare budgets based on actual data
Q90: Answer the following questions using the information
Q91: Managers generally have more control over price
Q96: An unfavorable price variance for direct materials
Q97: Answer the following questions using the information
Q98: Answer the following questions using the information
Q99: A favorable price variance for direct materials
Q100: A favorable efficiency variance for direct manufacturing
Q100: Answer the following questions using the information
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents