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Match the variance to what it isolates

Exercise and reference answers

Matching pairs
  1. Left
    Material price
    Right
    Paying a different price per unit
  2. Left
    Material usage
    Right
    Consuming a different quantity
  3. Left
    Labour rate
    Right
    Paying a different wage rate
  4. Left
    Labour efficiency
    Right
    Taking different hours to finish
Instructions
Tap a variance, then the single difference it measures.

Explanation

_Source: ICAI CA Inter Cost and Management Accounting, Ch13, 13.7.1 (A) and (B)_
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