The Formula to the Compute Direct Labor Time Variance Is

question 91

Multiple Choice

The formula to the compute direct labor time variance is to calculate the difference between

• A) Actual Costs - Standard Costs
• B) Actual Costs + Standard Costs
• C) (Actual Hours × Standard Rate) - Standard Costs
• D) Actual Costs - (Actual Hours × Standard Rate)

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Definitions:

FUTA

The Federal Unemployment Tax Act, a United States federal law that imposes a payroll tax on employers to fund state workforce agencies.

SUTA

State Unemployment Tax Act, a payroll tax paid by employers based on the state unemployment insurance rates and the taxable wages of their employees.

FICA Taxes

Federal Insurance Contributions Act taxes, which are payroll taxes in the United States used to fund Social Security and Medicare programs.