Other Things Constant,similar Resources in Alternative Uses Will Be Paid

question 155

Multiple Choice

Other things constant,similar resources in alternative uses will be paid _____

• A)different amounts based on their different uses.
• B)different amounts based on the alternative uses.
• C)different amounts if resources are mobile.
• D)similar amounts if resources are not mobile.
• E)similar amounts if resources are mobile.

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Definitions:

Direct Labor Time Variance

The difference between the estimated time for direct labor to complete a task and the actual time taken, indicating efficiency or productivity issues.

Rate

The price or fee for goods or services, or the ratio between two amounts showing the cost of one in terms of the other, often used in context with interest and exchange rates.

Hours

A measure of time typically used to quantify the duration of activities or operations.

Factory Overhead Cost Variance

The difference between the actual and budgeted indirect manufacturing costs.