Low Levels of Opportunity to Perform May Indicate That ________

question 64

Multiple Choice

Low levels of opportunity to perform may indicate that ________.

• A) training content is not important for the employee's job
• B) refresher courses for trainees are not necessary
• C) there is no decay in learned capabilities of employees
• D) the work environment supports transfer

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Definitions:

Labor Price Variances

The difference between the actual cost of labor and the budgeted or standard cost, which can indicate issues with wage rates or hours worked.

Labor Quantity Variances

The variance arising when there is a difference between the budgeted quantity of labor required for production and the actual quantity used, expressed in the cost associated with the variance.

Standard Labor Cost

The predetermined cost of the labor required to produce one unit of a product, considering factors like wage rates and productivity levels.

Direct Materials Data

Information regarding the raw materials used directly in the production of goods, crucial for cost accounting.