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

A.true

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.

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.

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