A Direct Labor Cost Variance Can Be Divided into Price

question 199

True/False

A direct labor cost variance can be divided into price and quantity variances, which are almost always called controllable and volume variances.

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Definitions:

BOB Products

Black on Black products, emphasizing goods designed and marketed specifically to appeal to a Black audience.

Industrial Products

Goods and services sold to other industries or businesses for the production of goods, maintenance of operations, or resale.

Business Products

Goods and services that are sold by businesses to other businesses as inputs for production, not typically bought by consumers for personal use.

Resale Products

Goods purchased with the intention of selling them to another party, often at a markup, without significant modification.