Ch 23 Flashcards

1
Q

Price Variance measures…

A

Price Variance measures how will the business keeps unit prices within Standards

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Efficiency Variance measures…

A

Efficiency (or Quantity) Variance measures how well the business uses materials or human resources

How well did you know this?
1
Not at all
2
3
4
5
Perfectly