Which of the Following Is Not a Disadvantage of Using

question 9

Multiple Choice

Which of the following is not a disadvantage of using ATM cards?

• A) Forgetting to record the transaction
• B) Fees from your bank and other banks for using out-of-network machines
• C) Increased fees if you make too many transactions per period
• D) Difficulty of withdrawing funds

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Definitions:

Labor Rate Variance

Labor rate variance measures the difference between the actual labor costs incurred and the expected (or standard) labor costs, indicating discrepancies in wage rates or labor efficiency.

Actual Direct Labor Rate

The actual wage rate paid to workers, as opposed to the expected or standard rate used in budgeting or costing.

Direct Labor-hours

The total hours of labor directly involved in the manufacturing process of a product.

Labor Rate Variance

It is the difference between the actual cost of labor and the budgeted or expected cost of labor.