Managers have more control over efficiency variances than over price variances True or False?

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Managers have more control over efficiency variances than over price variances True or False?

Managers have more control over efficiency variances than over price variances

True or False?

business accounting

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Answer 1

Answer #1

False

Price Variance will be Unfavorable when the actual amount paid is higher than standard. Efficiency variance will be Unfavorable when actual hours/Quantity is higher than standard.

Manager's can control internal production but not market prices

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Answer 2

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Add Answer to: Managers have more control over efficiency variances than over price variances True or False?

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Managers have more control over efficiency variances than over price variances True or False?