-The Direct Labor Rate Variance Is

question 130

Multiple Choice

-The direct labor rate variance is

• A) $5,490 unfavorable
• B) $5,490 favorable
• C) $33,000 favorable
• D) $33,000 unfavorable

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Definitions:

Rent

Payment made periodically by a lessee to a lessor for the use of land, a building, or another property.

Profits

The financial gain obtained when revenue from business activities exceeds expenses and taxes.

GDP

Gross Domestic Product is defined as the cumulative monetary or market value of all the finished products and services generated inside a country during a particular time frame.

Final Goods

Products that have completed the production process and are ready for sale to the consumer or end-user, excluding intermediate goods used in production.