An efficiency variance measures how well the business uses its materials or human resources.

Name: An efficiency variance measures how well the business uses its materials or human resources.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

An efficiency variance measures the difference between the actual and expected amount of materials or human resources used to achieve a given level of output, thereby indicating how well the business utilizes its resources.

An Efficiency Variance Measures How Well the Business Uses Its