Under a "Compressed" Work Hours System,employees Normally

question 52

Multiple Choice

Under a "compressed" work hours system,employees normally

• A)work eight or nine days,each slightly longer than normal,over a two- week period.
• B)work fourteen 12- hour days per month,then take the rest of the month off.
• C)work a reduced work week at a corresponding reduction in pay.
• D)put in all their annual hours during the spring and summer.
• E)work without any breaks but go home much earlier in the afternoon.

Interpret the significance of favorable and unfavorable variances in labor and material costs.

Distinguish between variable, fixed, and total factory overhead variances.

Apply concepts of factory overhead variances to real data, including fixed overhead volume and controllable variances.

Analyze the impact of external factors on standard cost variances.