Describe the difference between a direct materials efficiency variance and a variable manufacturing overhead efficiency variance. OA. A direct materials efficiency variance indicates whether more or less of the chosen allocation base was used than was budgeted for the actual output achieved. A variable manufacturing overhead efficiency variance indicates whether more or less direct materials were used than was budgeted for the actual output achieved. OB. A direct materials efficiency variance indicates whether more or less was paid for direct materials than was budgeted for the actual output achieved. A variable manufacturing overhead efficiency variance indicates whether more or less was paid for the chosen allocation base than was budgeted for the actual output achieved. OC. A direct materials efficiency variance indicates whether more or less direct materials were used than was budgeted for the actual output achieved. A variable manufacturing overhead efficiency variance indicates whether more or less of the chosen allocation base was used than was budgeted for the actual output achieved. OD. A direct materials efficiency variance indicates whether more or less direct materials were used than was budgeted for the static budget. A variable manufacturing overhead efficiency variance indicates whether more or less of the chosen allocation base was used than was budgeted for the static budget.
Describe the difference between a direct materials efficiency variance and a variable manufacturing overhead efficiency variance. OA. A direct materials efficiency variance indicates whether more or less of the chosen allocation base was used than was budgeted for the actual output achieved. A variable manufacturing overhead efficiency variance indicates whether more or less direct materials were used than was budgeted for the actual output achieved. OB. A direct materials efficiency variance indicates whether more or less was paid for direct materials than was budgeted for the actual output achieved. A variable manufacturing overhead efficiency variance indicates whether more or less was paid for the chosen allocation base than was budgeted for the actual output achieved. OC. A direct materials efficiency variance indicates whether more or less direct materials were used than was budgeted for the actual output achieved. A variable manufacturing overhead efficiency variance indicates whether more or less of the chosen allocation base was used than was budgeted for the actual output achieved. OD. A direct materials efficiency variance indicates whether more or less direct materials were used than was budgeted for the static budget. A variable manufacturing overhead efficiency variance indicates whether more or less of the chosen allocation base was used than was budgeted for the static budget.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Describe the difference between a direct materials efficiency variance and a variable manufacturing overhead efficiency variance.
OA. A direct materials efficiency variance indicates whether more or less of the chosen allocation base was used than was budgeted for the actual output achieved. A variable manufacturing overhead
efficiency variance indicates whether more or less direct materials were used than was budgeted for the actual output achieved.
OB. A direct materials efficiency variance indicates whether more or less was paid for direct materials than was budgeted for the actual output achieved. A variable manufacturing overhead efficiency variance
indicates whether more or less was paid for the chosen allocation base than was budgeted for the actual output achieved.
OC. A direct materials efficiency variance indicates whether more or less direct materials were used than was budgeted for the actual output achieved. A variable manufacturing overhead efficiency variance
indicates whether more or less of the chosen allocation base was used than was budgeted for the actual output achieved.
OD. A direct materials efficiency variance indicates whether more or less direct materials were used than was budgeted for the static budget. A variable manufacturing overhead efficiency variance indicates
whether more or less of the chosen allocation base was used than was budgeted for the static budget.
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