By Catching Those Who Submitted Fraudulent Claims, Approximately ________ Was

question 55

Multiple Choice

By catching those who submitted fraudulent claims, approximately ________ was won or negotiated by the federal government during fiscal year 2014.

• A) $1.3 billion
• B) $2.3 billion
• C) $3.1 billion
• D) $5.3 billion

---

Definitions:

Direct Labor Time Variance

The difference between the actual time taken to manufacture a product and the standard time expected, multiplied by the hourly wage rate.

Direct Labor

The wages paid to workers directly involved in the production of goods or services.

Budget Performance Report

A financial report that compares actual financial results to planned or budgeted figures, highlighting variances and their causes.

Actual Costs

The genuine expenses incurred in the production of goods or delivering services, without estimation.