Write 02 as a Fraction in Lowest Terms and as a a Percentage

question 8

Multiple Choice

Write 0.2 as a fraction in lowest terms and as a percentage.

• A)1/50; 2%
• B)1/5; 20%
• C)2/100; 0.2%
• D)1/500; 0.002%

---

Definitions:

Direct Labor Rate Variance

The difference between the actual cost of direct labor and the expected (or standard) cost, used to analyze labor cost efficiencies or inefficiencies during production.

Standard Costs

Predetermined or budgeted costs serving as benchmarks for measuring performance, commonly used for budgeting and variance analysis.

Actual Costs

The real costs incurred in the production of goods or in the provision of services.

Direct Labor Variance

The discrepancy between the expected (budgeted) cost of direct labor and the actual cost incurred during a production period.