Question: Efficiency as defined by how well the firm utilized resources in meeting the actual level of sales is indicated by _____. A. sales-activity variances B.

Efficiency as defined by how well the firm utilized resources in meeting the actual level of sales is indicated by _____.

A. sales-activity variances

B. static-budget variances

C. flexible-budget (revenue-spending) variances

D. all of these answers are correct

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