📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • âś–

      Question

      In variance analysis, which variance helps management

      identify whether quantity of materials used is efficient?
      A Material price variance Correct Answer Incorrect Answer
      B Material mix variance Correct Answer Incorrect Answer
      C Material usage variance Correct Answer Incorrect Answer
      D Labour efficiency variance Correct Answer Incorrect Answer

      Solution

      Material usage variance indicates the variance due to difference in quantity used vs. standard quantity.

      Practice Next

      Relevant for Exams:

      ask-question