Standards Used in Organizational Control Are Most Like

question 106

Multiple Choice

Standards used in organizational control are most like

• A) policies.
• B) strategies.
• C) goals.
• D) rules.
• E) standing plans.

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Definitions:

Direct Labor Variances

The differences between the budgeted and actual costs of direct labor used in production.

Direct Labor

The labor cost directly associated with the production of goods or services, including wages for workers who physically produce a product.

Fixed Overhead Budget Variance

The difference between the fixed overhead costs that were budgeted and the actual fixed overhead costs incurred.

Fixed Manufacturing Overhead

Costs that remain constant regardless of the level of production or sales volume, such as salaries of supervisors and rent for factory premises.