Question: A favourable material efficiency variance indicates that Question 6 options: the standard material allowed for the actual quantity of output is less than the actual

A favourable material efficiency variance indicates that
Question 6 options:
the standard material allowed for the actual quantity of output is less than the actual quantity of material used.
the actual quantity of material used is less than the standard material allowed for the actual quantity of output.
the standard material price is less than the actual material price.
the actual material price is less than the standard material price.

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