Standard cost variances can be broken down into:
A) price variances
B) efficiency variances
C) operating variances
D) a and b

Question

Quizplus · Accepted Answer

Standard cost variances are typically broken down into price variances, which relate to the cost of inputs, and efficiency variances, which relate to the quantity of inputs used. Operating variances are not a standard classification for breaking down standard cost variances.

Standard Cost Variances Can Be Broken Down Into