If budgeted price of input is $70, actual quantity of input is 250 units and allowed budgeted quantity of input is 90 units, then efficiency variance will be

If budgeted price of input is $70, actual quantity of input is 250 units and allowed budgeted quantity of input is 90 units, then efficiency variance will be Correct Answer $11,200

Efficiency variance = (Actual quantity of input - Budgeted quantity of input) × Budgeted price of input
= (250 - 90) units × $70 = $11,200.
Bissoy MCQ

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