If the Direct- Labor Price Variance Is $900 Favorable, and the Direct-

question 111

Multiple Choice

If the direct- labor price variance is $900 favorable, and the direct- labor usage variance is $800 unfavorable, then must be true.

• A) actual labor used was more than planned
• B) the total direct- labor flexible- budget variance is $100 favorable
• C) actual total wages paid were $900 less than expected
• D) All of these answers are correct.

Identify the differences between task groups and treatment groups.

Understand the concept of groupthink and how it impacts decision making.

Understand the concept of stock price as the present value of future dividends.

Grasp the typical percentage of earnings paid out as dividends by U.S. companies.

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Definitions:

Data Values

Individual pieces of information or measurements collected in a study or used in an analysis.

Skewed To The Right

A distribution where the tail on the right side of the histogram is longer or fatter than the left side, indicating that the majority of data points are concentrated to the left.

Incomes

The monetary payment received for work or through investments.

Large Firms

Businesses or corporations that operate on a large scale in terms of revenue, employees, or market presence, often influential in their industries.