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A business has a favourable flexible budget labour variance. What could be the possible cause for this variance?
Group of answer choices
The cost of supplies have increased and these costs have been passed onto customers.
More mistakes and errors were made in the manufacturing process.
You employed highly skilled and experienced employees.
The business rebranded as a luxury item.
The business purchased a new much higher quality material than planned, which made production more efficient. .
New factory technology means it is faster to make each unit.
The business sold more units.
A weak economy means that customers are not willing to pay the usual price.
Competitors reduced their prices.
The business purchased a lower quality material.
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