Low Interobserver Reliability Is Likely to Result Because of

question 61

Multiple Choice

Low interobserver reliability is likely to result because of

• A)extensive training of observers.
• B)lack of clear definitions of events to be recorded.
• C)specific feedback to observers regarding discrepancies between their observations.
• D)all of these

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Definitions:

Actual Cost

The true financial expenditure required to produce a product or service, as opposed to budgeted or standard costs.

Labour Rate Variance

The difference between the actual cost of direct labor and the standard cost of direct labor multiplied by the actual hours worked.

Direct Labour

Rephrased: The workforce directly involved in manufacturing products or providing services, whose costs directly affect the cost of goods sold.

Variable Manuf. Overhead

Variable Manufacturing Overhead includes those manufacturing overhead costs that vary directly with the level of production, such as utilities for the production facility.