There are 7 variances associated with a budget ( which are generally calculated for controlling purposes) 1- Material Price variance 2- Material Quantity variance 3- Labor rate variance 4- Labor efficiency variance 5- Spending variance 6- Efficiency variance 7- Capacity variance

a debit balance in the labor efficiency variance account indicates that actual rate and actual hours exceed standard rates and standard hours

Efficiency Varian materials and direct labor, the variances were recorded in specific general ledger accounts.

the production manager

(actual time * standard rate) - (standard time * standard rate)