What is Efficiency Variance ?

                                                                

From evaluating this variance we can know the performance of labor to production. The difference between the actual hour and standard hour or actual production and standard production is called efficiency variance. If the actual hour< standard hour then it's adverse 


Category and Tags
More stories by
Why Investing in Vietnam Might Be Beneficial for China?

Vietnam in recent years has become one of Southeast Asia’s most vibrant economies. For China, which is already such a dominant force in global trade and manufacturing, Vietnam offe...

Jack Dorsey, a co-founder of Twitter, unveils Bitchat, a messaging program that functions without an internet connection

Jack Dorsey introduces Bitchat, a Bluetooth messaging application that allows iPhone users to talk securely and decentralizedly without the need for an internet connection.Jack Dorsey, one of the co-founders of Twitt...

India Bans Land Import of Bangladesh's Jute, Yarn

India has recently banned the importation of some woven articles and jute products from Bangladesh via land ports. However, in a notification, the Directorate General of Foreign Trade stated that the articles can be ...

How are you taking responsibility for your customers, Expedia?

I have been using Expedia I think for more than 5 years. I usually book flights from there. This is the first time...

Follow Business Habit on Facebook, Twitter