AMT Requires

question 5

Multiple Choice

AMT requires:

• A)highly skilled workers.
• B)fixed workers.
• C)the use of transfer machines.
• D)little or no employee training.

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Definitions:

Labor Rate Variance

The difference between the actual cost of labor and the standard cost, calculated by subtracting the standard labor cost from the actual labor cost.

February

February is the second month of the year in the Gregorian calendar, known for having 28 days in common years and 29 days in leap years.

May

The fifth month of the year in the Gregorian calendar.

Labor Efficiency Variance

The difference between the actual labor hours used in production and the standard hours expected, multiplied by the standard labor rate.