Positivism Included

question 15

Multiple Choice

Positivism included

• A) a faith in empiricism.
• B) the belief that science was the highest achievement of the human mind.
• C) the conviction that metaphysics is a mistaken and futile endeavor.
• D) the requirement that data must be systematically gathered in order to find regularities in nature.
• E) all of the above

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Definitions:

Total Labor Variance

The difference between the actual cost of labor and the budgeted or standard cost of labor over a period.

Total Overhead Variance

The difference between actual overhead costs incurred and overhead costs allocated to production, based on standard rates, during a specific period.

Direct Labor Price Variance

A measure of the difference between the actual cost of direct labor and the standard cost of direct labor multiplied by the actual hours worked.

Direct Labor Hours

The total hours worked by employees directly involved in manufacturing a product or providing a service, often used to allocate labor costs to products or services.