Which of the Following Direct Labor Variances Uses the Standard

question 36

Multiple Choice

Which of the following direct labor variances uses the standard hours allowed for the actual number of units produced?

• A)a
• B)b
• C)c
• D)d

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Definitions:

Purchase Price

The amount of money that is paid or agreed to be paid by a buyer to acquire ownership of a product or property.

Potential Purchaser

An individual or entity showing interest in buying a product or service, but who has not yet made a purchase decision.

Adverse Possession

An involuntary property transfer in which a person acquires ownership of property by treating a piece of real property as his or her own, without protest or permission from the owner.

Real Property

Land and anything permanently attached to it, such as buildings and trees, as opposed to personal property, which can be moved.