Question

A quantity​ (efficiency) variance for production inputs​ (materials and​ labor) is the difference between the Actual Quantity​ (AQ) of input used and the standard quantity of​ input, multiplied by the standard price per unit of input.

a.true
b.false

Answer 1

True

Explanation: A standard is a benchmark or "norm" for measuring performance. In managerial accounting, standards relate to the cost and quantity of inputs used in manufacturing goods or providing services.

A quantity​ (efficiency) variance for production inputs​ (materials and​ labor) is the difference between the Actual Quantity​ (AQ) of input used and the standard quantity of​ input, multiplied by the standard price per unit of input.

Efficiency variance is the dissimilarity that occur between amount of input calculated to be use in producing a unit of an output,and the exact unit of input which was used in getting unit of an output multiplied by the standard price per unit of input.

Answer 2

A.true

Step-by-step explanation:

A quantity​ (efficiency) variance for production inputs​ (materials and​ labor) is the difference between the Actual Quantity​ (AQ) of input used and the standard quantity of​ input, multiplied by the standard price per unit of input.

Efficiency variance is the dissimilarity that occur between amount of input calculated to be use in producing a unit of an output,and the exact unit of input which was used in getting unit of an output multiplied by the standard price per unit of input.