Favorable direct labor efficiency variance is the term used to describe a situation where workers make a particular number of units in less time than is permitted by standards for that number of units.
<h3>What is Direct labor efficiency variance?</h3>
This variance may be advantageous or disadvantageous, much like the direct labor rate variance. Favorable direct labor efficiency variance is the term used to describe a situation where workers make a particular number of units in less time than is permitted by standards for that number of units.
<h3>What is the difference between positive and negative variance?</h3>
This variance, like direct production rate variance, can be positive or negative. If workers produce a certain number of units in less time than the time allowed by standards for that amount of units, the difference is known as styles and preferences labor efficiency variance. If, on the other hand, workers take more time than is allowed by norms, the difference is known as undesirable direct efficiency variance.
Learn more about direct labor flexible budget variance:
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