Learn accounting for free from AccountingCoach Course Outline Menu
PRO Features Log In
Course Outline Take the Tour PRO Features Log In

Dictionary

Print PDF
  1. A
  2. B
  3. C
  4. D
  5. E
  6. F
  7. G
  8. H
  9. I
  10. J
  11. K
  12. L
  13. M
  14. N
  15. O
  16. P
  17. Q
  18. R
  19. S
  20. T
  21. U
  22. V
  23. W
  24. X
  25. Y
  26. Z

efficiency variance definition

See direct labor efficiency variance and variable manufacturing overhead efficiency variance.

Related Q&A

  • Is a favorable variance always an indicator of efficiency in operation?
  • What does the direct labor efficiency variance tell us?
  • Is there a relationship between direct materials variances and direct labor variances?
  • What is variance analysis?
  • Do variance accounts have an impact on financial statements? Or are they for performance evaluation only?
  • What is a cost variance?

Join PRO or PRO Plus and Get
Lifetime Access to Our Premium Materials


Read all 2,239 Testimonials

PRO

Lifetime Access

PRO Plus

Lifetime Access
Video Training
Flashcards
Visual Tutorials
Quick Tests
Quick Tests with Coaching
Cheat Sheets
Business Forms
All PDF files
Progress Tracking
Certificate - Debits and Credits
Certificate - Adjusting Entries
Certificate - Financial Statements
Certificate - Balance Sheet
Certificate - Income Statement
Certificate - Cash Flow Statement
Certificate - Working Capital
Certificate - Financial Ratios
Certificate - Bank Reconciliation
Certificate - Payroll Accounting
Learn More
Learn More
Harold Averkamp

About the Author

Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. He is the sole author of all the materials on AccountingCoach.com. Read more about the author.

About Us
  • About
  • Quick Tour
  • Testimonials
  • Contact
  • Sitemap
Materials
  • Bookkeeping
  • Practice Quizzes
  • Quick Tests
  • Flashcards
  • Crossword Puzzles
  • Word Scrambles
  • Q&A
  • Dictionary
  • Visual Tutorials
  • Cheat Sheets
  • Video Training
  • Business Forms
  • Certificates
Legal
  • Disclaimer
  • Copyright / Trademark
  • Privacy Policy
  • Terms
BBBOnline A+ Rating

Copyright © 2023
AccountingCoach, LLC. All rights reserved.
AccountingCoach® is a registered trademark.

How to Begin (Video)
  1. 01. Accounting Basics
  2. 02. Debits and Credits
  3. 03. Chart of Accounts
  4. 04. Bookkeeping
  5. 05. Accounting Equation
  6. 06. Accounting Principles
  7. 07. Financial Accounting
  8. 08. Adjusting Entries
  9. 09. Financial Statements
  10. 10. Balance Sheet
  11. 11. Working Capital and Liquidity
  12. 12. Income Statement
  13. 13. Cash Flow Statement
  14. 14. Financial Ratios
  15. 15. Bank Reconciliation
  16. 16. Accounts Receivable and Bad
    Debts Expense
  17. 17. Accounts Payable
  18. 18. Inventory and Cost of Goods Sold
  19. 19. Depreciation
  20. 20. Payroll Accounting
  21. 21. Bonds Payable
  22. 22. Stockholders' Equity
  23. 23. Present Value of a Single Amount
  24. 24. Present Value of an Ordinary Annuity
  25. 25. Future Value of a Single Amount
  26. 26. Nonprofit Accounting
  27. 27. Break-even Point
  28. 28. Improving Profits
  29. 29. Evaluating Business Investments
  30. 30. Manufacturing Overhead
  31. 31. Nonmanufacturing Overhead
  32. 32. Activity Based Costing
  33. 33. Standard Costing
Accounting Careers Certificates of Achievement
Take the Tour