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:

Tender Can Be Made

Indicates that an offer or presentation of payment or performance in accordance with the terms of a contract is possible or has occurred.

Day Or Night

A term used to indicate that an action or operation can occur at any time within a 24-hour period.

Revocation Of Acceptance

Undoing the acceptance of an offer or contract, often due to the discovery of a significant problem or defect.

Waived His Right

The act of voluntarily relinquishing a known right, claim, or privilege.