Match the Variance to the Correct Definition

question 23

Multiple Choice

Match the variance to the correct definition.
-Efficiency variance

• A)measures how well the business uses its materials or human resources
• B)the difference between the expected results in the flexible budget for the actual units sold and the static budget
• C)the difference between actual results and expected results in the flexible budget for the actual units sold
• D)measures how well the business keeps unit material and labor costs within standards
• E)the difference between actual results and the expected results in the static budget

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Definitions:

Automatic Process

Mental activities that require minimal attention and cognitive resources, often occurring without conscious awareness.

Acculturation

The process by which individuals adopt the cultural traits or social patterns of another group, often as a result of prolonged contact.

Integration

The process of combining or coordinating separate parts or elements into a unified whole.

Socialization

The process by which individuals learn and adopt the norms, values, behavior, and social skills appropriate to their society.