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:

Folder

In Windows-based operating systems, an electronic container that holds files as well as other folders. It is also called a directory.

Disk Space

The amount of data that a storage device or medium can hold, usually measured in gigabytes or terabytes.

IT Field

The sector or domain concerned with the use and management of computer technology, software, and networks for processing and distributing data.

IT Person

An individual specializing in the use, management, and support of information technologies, including hardware, software, and networks.