A Debit Balance in the Direct Labor Efficiency Variance Account

question 126

Multiple Choice

A debit balance in the direct labor efficiency variance account indicates that

• A) standard hours exceed actual hours.
• B) actual hours exceed standard hours.
• C) standard rate and standard hours exceed actual rate and actual hours.
• D) actual rate and actual hours exceed standard rate and standard hours.

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Definitions:

Congress

The legislative branch of the United States federal government, consisting of the House of Representatives and the Senate.

Unfair Trade Practices

Dishonest or fraudulent business methods that are deemed unjust or deceptive towards consumers.

State Statute

A written law enacted by the legislative body of a state.

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The court in which a case is originally tried and adjudicated, as opposed to an appellate court where cases are reviewed.