The use of high-quality raw materials is likely to result in a favourable efficiency variance and an unfavourable rate variance.

Name: The use of high-quality raw materials is likely to result in a favourable efficiency variance and an unfavourable rate variance.
Brand: Quizplus
Rating: 4.9 (33 reviews)

Question

Quizplus · Accepted Answer

High-quality raw materials are likely to increase efficiency, leading to a favourable efficiency variance. However, they may also be more expensive, resulting in an unfavourable rate variance.

The Use of High-Quality Raw Materials Is Likely to Result