Labour Productivity Is Represented by Which of the Following

question 7

Multiple Choice

Labour productivity is represented by which of the following?

• A) The ratio of output to the labour force.
• B) The ratio of output to population.
• C) The ratio of output to employment.
• D) Workers per unit of capital.
• E) Capital per worker.

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Definitions:

Direct Labor-Hours

A measure of the total hours worked directly on the production of goods.

Budget Variances

The difference between budgeted and actual figures for revenues or expenditures, indicating under or overspending.

Underapplied

A situation where the allocated manufacturing overhead costs are less than the actual overhead costs incurred, leading to underestimation of product costs.

Overapplied

A condition where the allocated amount of indirect costs exceeds the actual amount incurred.