The Simplest Measure of Performance Is the Variance That Compares

question 140

Multiple Choice

The simplest measure of performance is the variance that compares:

• A) standard material prices with actual material prices.
• B) standard direct labor rates with actual direct labor rates.
• C) budgeted sales revenue with actual sales revenue.
• D) budgeted operating income with actual operating income.

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Definitions:

Philadelphia Phillies

An American professional baseball team based in Philadelphia, Pennsylvania, competing in Major League Baseball as a member of the National League.

Inconsistent

Being inconsistent means lacking uniformity or steadiness, often leading to unpredictability or variability in actions, results, or performance.

Baseball Team

A group of players forming one side in competitive baseball games.

Idle Production Capacity

refers to resources, especially in manufacturing, that are not currently in use or are underused, affecting the efficiency and profitability of a business.