The direct labor efficiency variance tells managers how much of the total labor variance is due to using a greater or lesser amount of time than anticipated.

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This statement is true. The direct labor efficiency variance specifically relates to the difference between the standard labor hours that were budgeted for a task and the actual labor hours that were used. It is part of the overall labor variance, which measures the difference between the budgeted labor costs and the actual labor costs that were incurred.

The Direct Labor Efficiency Variance Tells Managers How Much of the Total