Today, More Than _____ Percent of U

question 26

Multiple Choice

Today, more than _____ percent of U.S. mothers with a child under age 2 are employed.

• A) 30
• B) 40
• C) 50
• D) 60

---

Definitions:

Labor Efficiency Variance

The difference between the actual labor hours used and the standard labor hours expected for the level of production achieved.

Labor Rate Variance

A financial measure that calculates the difference between the actual labor costs and the expected labor costs based on standard rates.

Labor Rate Variance

The difference between the actual cost of labor and the budgeted cost, based on the standard labor rate.

Labor Rate Variance

The difference between the actual hourly wage rate paid to workers and the expected or standard rate, affecting production costs.