Question: Can you please help me understand the differences? This one is tricky I see in the book it references efficiency as well as rate, but

Can you please help me understand the differences? This one is tricky I see in the book it references efficiency as well as rate, but don't know why one is correct over the other. A performance report for direct labor shows a variance between the budget and actual amounts. This difference is a: a. budget variance. b. direct labor efficiency variance. c. direct labor spending variance. d. direct labor rate variance

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