Daylight Savings Time Was Instituted to Give Us an Extra

question 101

Multiple Choice

Daylight savings time was instituted to give us an extra hour of daylight:

• A)in the morning when people wake up
• B)in the evening when people are active
• C)at noon when people take their lunch break
• D)none of the above

---

Definitions:

Price Variance

The difference between the actual cost of a good or service and its expected cost, often used in budgeting and financial analysis.

Labor Price Variance

The difference between the actual cost of labor and the standard cost expected for that labor, used in budgeting and cost management.

Quantity Variance

Quantity variance refers to the difference between the expected and actual quantity of materials or inputs used in the production process, impacting cost.

Standards

Predetermined benchmarks or norms used for measuring performance and setting expectations in various contexts, including production, quality, and accounting.