Company X manufactures and sells a single product. When analysing last month's results the controller found a favourable efficiency variance regarding material A used in the process.
This variance means __________

Question

Company X manufactures and sells a single product. When analysing last month's results the controller found a favourable efficiency variance regarding material A used in the process.

This variance means __________

Accepted Answer

that a smaller quantity of material A was used per unit of output (versus budget).

Answer

that the actual acquisition price per unit of material A was below budget.

Answer

that the actual acquisition price per unit of material A was above budget.

Answer

that a larger quantity of material A was used per unit of output (versus budget).

Answer

None of the others

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Company X manufactures and sells a single product. When analysing last month's ...

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