Which Statement Best Describes Variances

Which statement best describes variances?

A) A favourable labour rate variance could result from lower wage workers quitting.
B) A favourable materials price variance could result from purchasing materials from another supplier at a lower price.
C) A favourable materials usage variance could result from increased waste caused by not efficiently utilizing raw materials.
D) An unfavourable labour efficiency variance could result from using higher quality materials that result in fewer inspections.

Correct Answer:

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