Which of the Following Statements Is NOT True

question 27

Multiple Choice

Which of the following statements is NOT true?

• A)Employers should establish clear procedures for employees to report and request pay for extra work performed
• B)Employers should not dock the pay of non-exempt employees
• C)Employers should provide equal pay for substantially similar jobs done by men and women
• D)Employers should permit employees to work overtime without permission whenever they feel it is necessary

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Definitions:

Direct Materials Price Variance

The difference between the actual cost of direct materials used in production and the standard cost of materials that were expected to be used.

Overhead

encompasses all ongoing business expenses not directly attributed to creating a product or service, including rent, utilities, and administrative costs.

Standard Labor Hours

The preset amount of time that is expected to be required to complete a specific task or job under normal conditions.

Direct Labor Rate Variance

The cost associated with the difference between the actual rate and the standard rate paid for direct labor multiplied by the actual direct labor hours used in producing a commodity.