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Explain the following; (a) Material Price Variance; (b) Material Mix Variance; (c) Labour Efficiency Variance; (d) Labour Yield Variance; (e) Variable Overhead Efficiency Variance; (f)

Explain the following;

(a) Material Price Variance; (b) Material Mix Variance; (c) Labour Efficiency Variance; (d) Labour Yield Variance; (e) Variable Overhead Efficiency Variance; (f) Fixed Overhead Volume Variance; (g) Fixed Overhead Capacity Variance; (h) Sales Mix Variance; and (i) Sales Margin Quantity Variance.

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