The direct materials efficiency variance is favourable when direct materials used is less than expected for the actual level of output.
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Q26: Change in market size multiplied by budgeted
Q27: The product mix variance is only useful
Q28: Variable costs per unit of volume increase
Q29: The market share variance provides an indication
Q30: The direct materials efficiency variance is measured
Q32: When standard volume exceeds actual sales volume
Q33: The market share variance is calculated using
Q34: Using the standard cost for raw materials
Q35: The direct materials price variance is usually
Q36: Fixed costs remain the same for both
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