Which of the Following Variances Is Not Recorded with a Journal

question 32

Multiple Choice

Which of the following variances is not recorded with a journal entry that involves a debit to Work in Process in a standard costing system?

• A) Material price variance
• B) Material quantity variance
• C) Labor rate variance
• D) Labor efficiency variance

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Definitions:

General Interests

Broadly appealing subjects or activities that cater to a wide audience.

Unstructured Interviews

Interviews using few if any planned questions to enable the interviewer to pursue, in depth, the applicant’s responses.

Behavioural Description Interviews

Interviewing technique that focuses on asking candidates to describe past behaviour as evidence of how they would handle similar situations in the future, based on the premise that past behaviour predicts future behaviour.

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Interviews that attempt to assess a job applicant’s likely future response to specific situations, which may or may not have been faced by the applicant in the past.