Which of the Following Variances Are Most Similar with Respect

question 88

Multiple Choice

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

• A)Direct-labour rate variance and direct-labour efficiency variance.
• B)Direct-material price variance and direct-material quantity variance.
• C)Direct-material price variance, direct-material quantity variance, and total direct-material variance.
• D)Direct-material price variance and direct-labour efficiency variance.
• E)Direct-material quantity variance and direct-labour efficiency variance.

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Definitions:

Minimizes Cost

The process or approach aimed at reducing expenses and spending to the lowest possible level.

Central Hub

Central hub refers to a focal point or a core center where activities, processes, or networks converge, often used to optimize distribution or communication.

Travel Time

The duration required to move goods or personnel from one location to another.

Destinations

Locations or places toward which something or someone is going.