The Flexible Budget Variance for Direct Labor Is Separated into Two

question 129

True/False

The flexible budget variance for direct labor is separated into two components: a direct labor rate variance and a direct labor price variance.

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Definitions:

Cladogram

In cladistics, a branching diagram that shows the relationship among species in regard to their shared derived characters.

Common Ancestor

An ancestral species from which two or more species evolved.

Natural Selection

The process by which organisms better adapted to their environment tend to survive and produce more offspring, a fundamental concept in evolutionary biology.

Phenotypes

The observable physical or biochemical characteristics of an organism, as determined by both genetic makeup and environmental influences.