The Egalitarian Principle Refers to

question 117

Multiple Choice

The egalitarian principle refers to

• A) "To each according to her need."
• B) "To each exactly the same."
• C) "To each according to her productivity."
• D) "To each according to his ability."

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Definitions:

Direct Labour Efficiency Variance

The difference between the actual hours worked and the standard hours expected to produce a certain number of units, multiplied by the standard labor rate.

Actual Production

The real and measurable output of goods or services from a production process or system.

Normal Production

The expected volume of output under standard operating conditions without external disruptions.

Standard Costing System

An accounting system that uses predetermined costs for products or services to assess the efficiency of operations by comparing them to actual costs incurred.