Which term below is best paired with "measures whether the quantity of direct materials or direct labour used to make the actual number of outputs is within the standard allowed for that number of outputs"?

Question

Quizplus · Accepted Answer

Efficiency variance measures whether the actual quantity of direct materials or direct labor used to make the actual number of outputs is within the standard allowed for that number of outputs. Production volume variance measures the difference between the actual number of outputs and the budgeted number of outputs. Overhead flexible budget variance measures the difference between budgeted and actual overhead costs. Price variance measures the difference between the standard cost and actual cost of direct materials or direct labor.

Which Term Below Is Best Paired with "Measures Whether the Quantity