The efficiency variance measures

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Reference no: EM131266445

The efficiency variance measures? ________.

A. the difference between the quantity used by the company and the quantity used by its competitors

B. how quickly direct materials are processed into finished goods

C. how well the business uses its materials or human resources

D. the change in quantities used over time

2. The Finishing Department had 10,000 incomplete units in its beginning Work-in-Process Inventory which were 100% complete as to materials and 30% complete as to conversion costs. 30,000 units were received from the previous department. The ending Work-in-Process Inventory consisted of 3,900 units which were 50% complete as to materials and 30% complete as to conversion costs. The Finishing Department uses first-in, first-out (FIFO) process costing. What are the equivalent units of production for materials during the period?

30,000 units.

26,100 units.

23,900 units.

28,050 units.

Reference no: EM131266445

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