Which of the Following Formulae Is the Correct Formula to Measure

question 18

Multiple Choice

Which of the following formulae is the correct formula to measure the efficiency variance?

• A)Efficiency Variance = (Actual Quantity + Standard Quantity)- Standard Cost
• B)Efficiency Variance = (Actual Quantity × Standard Quantity)÷ Standard Cost
• C)Efficiency Variance = (Actual Quantity ÷ Standard Quantity)× Standard Cost
• D)Efficiency Variance = (Actual Quantity - Standard Quantity)× Standard Cost

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Definitions:

Fear of Failure

The intense worry or dread of not meeting a set standard of performance or not achieving success.

Drive Accounts

Explanations that attribute behavior to internal states of arousal or need that propel individuals towards specific goals.

Approach Accounts

Theories or explanations that focus on the reasons or motivations behind individuals moving towards a goal or object.

Fast Pain

Fast pain is a rapid, sharp, and distinctly uncomfortable sensation often serving as an immediate reaction to injury or potential harm, promoting quick withdrawal from the source.