An Unfavorable Labor Quantity Variance Indicates That the Actual Number

question 237

True/False

An unfavorable labor quantity variance indicates that the actual number of direct labor hours worked was greater than the number of direct labor hours that should have been worked for the output attained.

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Definitions:

Free Trade

The free trade of goods and services across nations without the application of restrictions like tariffs, duties, and quotas.

Tariff Revenue

The income that a government earns from imposing tariffs, which are taxes on imports or exports.

Domestic Price

The charge for goods or services inside a nation's boundaries, differing from prices found in the global or foreign marketplace.

Free Trade

An economic policy that allows imports and exports among member countries with no or low tariffs, quotas, or other barriers to trade.