The Division of Labour Enhances Productivity and Efficiency By

question 101

Multiple Choice

The division of labour enhances productivity and efficiency by:

• A)allowing workers to take advantage of existing differences in their abilities and skills.
• B)avoiding the time loss involved in shifting from one production task to another.
• C)allowing workers to develop skills by working on one, or a limited number, of tasks.
• D)all of the above means.

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Definitions:

Sales Price Variance

The difference between the actual selling price of a product and its budgeted or planned selling price, multiplied by the actual quantity sold.

Opening Stock

The value of goods available for sale at the beginning of an accounting period.

Flexible Budget

A budget that adjusts or flexes with changes in the volume or activity level, allowing for more accurate forecasting and planning.

Indirect Labour Cost

Expenses related to employees that cannot be directly traced to specific products or services, such as maintenance staff or supervisors.