Gracie Is a Branch Manager in a Software Company

question 4

Multiple Choice

Gracie is a branch manager in a software company. Her work in the company is to coordinate teams and special projects with her peers from other departments. In the management hierarchy, Gracie is a _____ manager.

• A) general
• B) middle
• C) top
• D) first-line

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Definitions:

Standard Cost

A predetermined cost of manufacturing, projecting what each product should cost under normal conditions.

Actual Cost

Actual cost is the true amount of money spent on producing a product, completing a project, or conducting an activity, including all direct and indirect expenses.

Direct Labor Rate Variance

The difference between the actual rate and the standard rate paid for direct labor multiplied by the actual direct labor hours used in producing a product.

Direct Labor

The wages paid to workers who are directly involved in the production of goods or services.