What Is the Result When the Actual Rate Paid for Labor

question 26

Multiple Choice

What is the result when the actual rate paid for labor is less than the standard rate?

• A) A favorable labor price variance
• B) An unfavorable labor price variance
• C) A favorable labor usage variance
• D) An unfavorable labor usage variance

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Definitions:

Secondary Aging

Aging processes that result from disease and bodily abuse and disuse and are often preventable.

Tertiary Aging

Refers to the decline in physical and cognitive function that can occur in some individuals in very old age, beyond the normal effects of primary and secondary aging.

Programmed Aging

A theory suggesting aging is a result of genetically programmed physiological mechanisms that control life span and deterioration processes.

Primary Aging

Gradual, inevitable process of bodily deterioration throughout the life span.