When Is a Labor Rate Variance Recorded in a Standard

question 38

Multiple Choice

When is a labor rate variance recorded in a standard costing system?

• A) At the time the labor costs are incurred
• B) At the time employees given rate increases
• C) After units of product are completed
• D) As part of the closing process

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Definitions:

Lateral Position

A body position where the person lies on their side, often used in medical settings for patients having difficulty breathing or to prevent aspiration.

Nursing Assistive Personnel

Health care workers who provide basic nursing care under the supervision of registered nurses or physicians.

Outcome

Condition of a patient at the end of treatment, including the degree of wellness and the need for continuing care, medication, support, counseling, or education.

Cerebellum

A part of the brain at the back of the skull in vertebrates, responsible for coordinating voluntary movements.