When the Actual Time on a Time Slip Is 3

question 24

Multiple Choice

When the actual time on a time slip is 3 hours and the payroll time is 2.5 hours -

• A) the employee took 3 hours to complete the task and will be paid for 2.5 hours
• B) the employee took 3 hours to complete a task that normally is completed in 2.5 hours
• C) the employee took a half-hour break while working on the task
• D) the employee took longer than expected to complete the task because he or she was still learning the job

---

Definitions:

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity, helping businesses plan for various levels of performance.

Wells Serviced

This term refers to the number of oil or water wells that have undergone maintenance, repair, or inspection services within a specific period.

Other Expenses

Costs that are not directly associated with the production of goods or services, such as administrative and selling expenses.

Planning Budget

A budget created for a particular level of activity, it helps in setting goals and objectives for future financial plans.