The _________Is the Ratio of EV to AC

question 7

Multiple Choice

The _________is the ratio of EV to AC.

• A)schedule performance ratio
• B)cost performance index
• C)cost performance ratio
• D)schedule performance index

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Definitions:

Direct Labor Rate Variances

The difference between the expected cost of direct labor per unit of production and the actual cost incurred.

Work in Process

Partially finished goods that are still in the production process at a specific point in time.

Current Period

The current period in accounting refers to the most recent or ongoing accounting period, for which financial activities and transactions are being recorded and analyzed.

Labor Cost Variance

The difference between the actual labor costs incurred and the standard or expected labor costs for a given period.