A Favourable Overhead Efficiency Variance Is the Result of

question 79

Multiple Choice

A favourable overhead efficiency variance is the result of

• A) actual outputs exceeding actual inputs within the framework of a flexible budget.
• B) standard outputs allowed for actual inputs exceeding the flexible budget inputs.
• C) the flexible budget for actual input exceeding the actual costs incurred.
• D) standard inputs allowed for actual outputs achieved exceeding the actual inputs within the framework of a flexible budget.

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Definitions:

Reifies

Converts abstract concepts into concrete entities.

Industrial Production

The process of manufacturing goods and materials in factories and plants, typically on a large scale.

Alienated

Feeling isolated and separated from a group or activity to which one should belong or in which one should be involved, often discussed in the context of work and labor.

Produce

To create or bring forth goods and services through various processes of production and labor.