If a Company Has a Favourable Efficiency Variance, It Uses

question 182

True/False

If a company has a favourable efficiency variance, it uses less inputs than were budgeted for the output units achieved.

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Definitions:

Fit for Purpose

The standard that ensures a product or service meets its intended use and satisfies customer requirements.

Breach of Contract

The failure to perform any term of a contract, written or oral, without a legitimate legal excuse.

Contaminated Salad

Salad that has been tainted with harmful substances or pathogens, such as bacteria or pesticides, posing health risks to consumers.

Carelessness

Lack of attention or diligence that can result in unintended harm or mistakes.