The Labor Yield Variance Is Actual Total Hours At

question 82

Multiple Choice

The labor yield variance is actual total hours at:

• A) actual mix times actual labor rates less actual total hours at actual mix times standard labor rates.
• B) actual mix times standard labor rates less standard total hours at standard mix times standard labor rates.
• C) actual mix times standard labor rates less actual total hours at standard mix times standard labor rates.
• D) standard mix times standard labor rates less standard total hours at standard mix times standard labor rates.

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Definitions:

Inventory

The cumulative inventory of products and materials retained by a business for selling or for use in manufacturing.

Unearned Rent Revenue

Represents income received by a property owner for which the services (rental period) have not yet been provided.

Cash

Money in the form of currency that can include banknotes and coins, held in the immediate possession of or in bank accounts for the entity.

Rent

Payment made periodically by a lessee to a lessor for the use of land, buildings, or other property.