How Is the Direct Labor Efficiency Variance Calculated

question 125

Multiple Choice

How is the direct labor efficiency variance calculated?

• A)The difference between the standard labor hours allowed and the actual labor hours used multiplied by the actual labor rate
• B)The difference between the standard labor hours allowed and the actual labor hours used multiplied by the standard labor rate
• C)The difference between the standard labor hours and the actual labor hours used
• D)The difference between the standard labor rate and the actual labor rate

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Definitions:

Venue

(1) The place where a hearing takes place. Its geographic location is determined by each state’s statutes and based on where the parties live or where the event occurred or the alleged wrong was committed. (2) A legal doctrine relating to the selection of a court with subject-matter and personal jurisdiction that is the most appropriate geographic location for the resolution of the dispute.

Standing

The legal right of a party or an individual to bring a lawsuit by demonstrating to the court sufficient connection to and harm from the law or action challenged (i.e., the plaintiff has to demonstrate that he or she is harmed or will be harmed). Otherwise, the court will dismiss the case, ruling that the plaintiff “lacks standing” to bring the suit.

Sue

To initiate legal proceedings against another party, typically to seek redress for a grievance or enforcement of a right.

Permission Slip

A document that a parent or guardian signs to give permission for their child to participate in a specific activity, often used in educational settings.