The Difference Between Standard Hours and Actual Hours Multiplied by the Standard

question 2

Multiple Choice

The difference between standard hours and actual hours multiplied by the standard rate is the:

• A) Materials quantity variance
• B) Overhead efficiency variance
• C) Labor efficiency variance
• D) Materials price variance

---

Definitions:

Survey

A descriptive research method in which researchers use interviews and/or questionnaires to gather information about the attitudes, beliefs, experiences, or behaviors of a group of people.

Naturalistic Observation

A study approach where participants are monitored in their usual environment with no alterations made by the researcher.

Case Study

A research method involving an in-depth analysis of a single case, group, event, or community to explore and understand complex issues in context.

Case Study

An in-depth examination of an individual, group, or event to explore and understand dynamics not captured by quantitative methods.