Which of the Following Variances Are Most Similar with Respect

question 16

Multiple Choice

Which of the following variances are most similar with respect to the manner in which they are calculated?

• A)Labor rate variance and labor efficiency variance.
• B)Material price variance and material quantity variance.
• C)Material price variance,material quantity variance,and total material variance.
• D)Material price variance and labor efficiency variance.
• E)Material quantity variance and labor efficiency variancE.

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Definitions:

Scatterplot

A type of graph used in statistics to visually display and compare two variables for a set of data, showing their relationship.

Histogram

A graphical representation of the distribution of numerical data, often used to visualize the distribution of a dataset.

Ceramics

Materials made by heating and cooling natural clay or compounds to develop hard, durable items such as tiles, pottery, and sculptures.

Scatterplot

A graph that displays data points based on two variables, showcasing any potential relationship or pattern between them.