The Direct Labor Rate Variance Arises When

question 71

Multiple Choice

The direct labor rate variance arises when

• A)actual wage rates differ from the standard wage rate.
• B)actual hours worked differ from budgeted hours.
• C)the number of units produced differs from those budgeted.
• D)the total budgeted labor cost differs from the actual labor cost.

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Definitions:

Cultural Variables

factors that describe the differing aspects of cultures and influence how individuals within those cultures behave and communicate.

Organizations

Groups of people structured to achieve specific goals, purposes, or interests, ranging from businesses to nonprofit entities.

Attitudes

A settled way of thinking or feeling about something, which is reflected in a person's behavior.

Self-Fulfillment

pertains to the achievement of personal goals, ambitions, and the realization of one's potential.