If the Price of Labor Increases, an Organization Would Most

question 10

Multiple Choice

If the price of labor increases, an organization would most likely shift from

• A) Individual processing to mass production
• B) A batch processing method to continuous production
• C) A labor-intensive production method to a capital-intensive method
• D) Start to finish production to purchase and assembly

Identify the starting points for investigation of various types of variances.

Comprehend the calculation and significance of labor efficiency and labor quantity variances.

Understand the relationship between actual costs, standard costs, and the calculation of variances.

Learn the process of analyzing total labor variance, including both rate and efficiency variances.

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Definitions:

Unconscious

The segment of the mind that remains beyond the reach of conscious awareness yet influences actions and feelings.

Rationalisation

A defense mechanism in which controversial behaviors or feelings are justified and explained in a seemingly rational or logical manner to avoid the true explanation.

Unacceptable Behaviour

Actions or conduct deemed inappropriate or offensive in a given social context or by societal standards, warranting disapproval or correction.

False Excuse

A fabricated or insubstantial reason given to justify an action or decision.