Examlex
Assume the variable numbers has been declared to be an array that has at least one element.Which is the following represents the last element in numbers?
Materials Quantity Variance
The difference between the actual and the standard amount of materials used in production, valued at the standard cost.
Labor Rate Variance
The difference between the actual cost of labor and the budgeted or standard cost, often used in budgeting and cost management.
Variable Overhead Rate Variance
The difference between the actual variable overheads incurred and the expected variable overheads based on standard rates.
Labor Rate Variance
The difference between the actual labor rate paid and the standard rate expected, multiplied by the total hours worked.
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