Which of the Following Is Not Used in Calculating the Direct

question 156

Multiple Choice

Which of the following is not used in calculating the direct labor efficiency variance?

• A)The actual quantity of direct labor hours used
• B)The standard quantity of direct labor hours allowed for actual production
• C)The actual wage rate
• D)The standard wage rate

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Definitions:

Budgeting

The process of creating a plan to spend your money, which involves estimating revenues and outlining planned expenditures.

Merchandise Purchases Budget

A financial plan that estimates the amount of inventory a company needs to buy to meet sales needs for a future period.

Sales Budget

A detailed plan that outlines projected sales for a future period, taking into account factors like marketing strategies and market conditions.

Sole Task

A sole task is a single duty or responsibility assigned to a person or a system.