Which One of the Following Is Defined as the Difference

question 23

Multiple Choice

Which one of the following is defined as the difference between the actual direct labor hours worked and the standard direct labor hours allowed for the units manufactured, multiplied by the standard hourly wage rate per hour?

• A) The direct labor price variance.
• B) The direct labor efficiency variance.
• C) The total direct labor standard cost variance.
• D) The direct labor flexible-budget variance.
• E) The direct labor operating-income variance.

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Definitions:

Information

Data that is organized, processed, or structured in a way that it becomes meaningful and useful for making decisions.

Demographic Data

Statistical data relating to the population and the particular groups within it, such as age, gender, income level, etc.

Inexpensive Option

A cost-effective or budget-friendly choice available to consumers or businesses within a particular market or category.

Minnesota

A state in the Upper Midwest and northern regions of the United States, known for its lakes and forested areas.