Examlex
Which of the following correctly states the belief of Thaddeus Stevens and other congressional Republicans who criticized Lincoln' s approach to Reconstruction?
Unfavorable
A term used to describe a variance or outcome that results in a worse financial position than expected or budgeted.
Labor Rate Variance
The difference between the actual labor costs incurred and the expected (or standard) labor costs, often due to paying a higher or lower wage rate than planned.
Variable Overhead Rate Variance
The difference between the actual variable overhead incurred and the expected (standard) variable overhead allocated based on activity levels.
Labor Efficiency Variance
The difference between the actual hours worked and the standard hours expected to produce a certain level of output, multiplied by the standard labor rate.
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