Complete the table belovw for the missing variances. E (Click the icon to view the table.) Calculate the variances and identify whether the variance is favorable (F) or unfavorable (U). (b) Total Direct Materials Variance (c) Total Direct Labor Variance Data Table (e) Total Variable Overhead Variance () Total Fixed Overhead Variance (d) Total Manufacturing Overhead Variance Total Flexible Budget Product Cost Variance (a) Total Flexible Budget Product Cost Variance (a) Total Direct Total Direct Total Manufacturing Materials Variance Overhead Variance Labor Variance (b) (c) (d) Direct Materials Direct Materials Direct Labor Direct Labor Total Variable Total Fixed Cost Variance Efficiency Variance Cost Variance Efficiency Variance $ 340 U S 520 F Overhead Variance Overhead Variance $ 420 F 165 U (e) (0 Variable Overhead Variable Overhead Fixed Overhead Cost Variance Efficiency Variance Cost Variance 225 U 400 F 24 75 F Print Done

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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.