If the Actual Hourly Rate Is Greater Than the Standard

question 409

True/False

If the actual hourly rate is greater than the standard hourly rate, the labor rate variance is labeled unfavorable (U).

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Definitions:

Software Vendors

Companies that develop and sell software products or services to customers.

Supply Chain Software

Application or program designed to manage and streamline supply chain operations, including procurement, production, distribution, and inventory management.

Enterprise Resource Planning

Integrated management software systems that automate and facilitate the flow of information across an organization.

SaaS

Software as a Service (SaaS) is a cloud computing model where software applications are hosted by a service provider and made available to customers over the internet, typically on a subscription basis.