Match Each of the Following Formulas or Descriptions with the Term

question 55

Multiple Choice

Match each of the following formulas or descriptions with the term (a-e) it defines.
-(Actual Direct Hours - Standard Direct Hours) × Standard Rate per Hour

• A)Direct materials price variance
• B)Direct labor rate variance
• C)Direct labor time variance
• D)Direct materials quantity variance
• E)Budgeted variable factory overhead

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Definitions:

Self-Serving Bias

Self-serving bias explains personal success by internal causes and personal failures by external causes.

Performance Appraisal

Is the process of formally evaluating performance and providing feedback to a job holder.

Conflict Resolution

The removal of the substantial and/or emotional reasons for a conflict.

Underlying Cause

The fundamental reason or root cause that gives rise to a situation, problem, or symptom, often hidden or not immediately apparent.