What Is the Ratio That Defines Labor Productivity

question 58

Multiple Choice

What is the ratio that defines labor productivity?

• A)(Y/N)
• B)(Y/Q)
• C)(Y/A)
• D)(Y/K)

---

Definitions:

Volume Variance

A financial metric that measures the difference between the expected sales volume and the actual sales volume.

Spending Variance

The difference between the budgeted or standard cost of something and its actual cost, which can indicate areas of inefficiency or savings.