For a Load Fund, the Average Commission Usually Ranges Between

question 21

True/False

For a load fund, the average commission usually ranges between 3 and 5 percent of the purchase price.

---

Definitions:

Labour Rate Variance

The difference between the actual cost of direct labor and the estimated cost based on the standard labor rate.

Standard Labour Hours

The calculated amount of labor hours predetermined to be necessary for completing a specific task or producing a certain quantity of goods.

Actual Hours Worked

The real number of hours an employee or workforce spends performing tasks during a specific period, as opposed to scheduled or standard hours.

Materials Price Variance

The difference between the actual cost of materials used in production and the standard (expected) cost.