Which of the Following Does the Efficiency Variance Measure

question 130

Multiple Choice

Which of the following does the efficiency variance measure?

• A)the difference between the quantity used by the company and the quantity used by its competitors
• B)the change in quantities used over time
• C)the difference between actual and standard quantity used
• D)how quickly materials are processed into finished goods

---

Definitions:

Total Revenue

The total income received by a company or organization from its normal business activities, usually from the sale of goods and services to customers.

Figure 16-11

This appears to be a reference to a specific figure in a text or document and without further context, it can't be precisely defined.

Profit

The financial gain realized when the revenue from business activities exceeds expenses, costs, and taxes.

Revenue

The sum of earnings from selling goods or providing services which are fundamental to a company's core business activities.