Senior Variance Analysis

Test your Senior-level Variance Analysis skills in Specialized Accounting Areas. This timed assessment evaluates your expertise in Accounting.

Duration: 5 minutes

•40 questions

Time Remaining: 05:00

Progress: 0%

40 questions remaining

Question 1 of 40Assessment

A firm's operational labor efficiency variance is favorable, while its labor efficiency planning variance is unfavorable. What is the most likely interpretation?

A. The original labor time standard was too lenient, and workers were even more efficient.

B. The purchasing department bought materials that were unexpectedly difficult to work with.

C. The original labor time standard was too aggressive, but workers performed well against a revised, achievable standard.

D. Production supervisors failed to provide adequate training and motivation to the workforce.

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