What Does a Credit Balance in a Direct Labour Efficiency

question 40

Multiple Choice

What does a credit balance in a direct labour efficiency variance account indicate?

• A) The average wage rate paid to direct labour employees was less than the standard rate.
• B) The standard hours allowed for the units produced were greater than actual direct labour hours used.
• C) The actual total direct labour costs incurred were less than standard direct labour costs allowed for the units produced.
• D) The number of units produced was less than the number of units budgeted for the period.

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Definitions:

Internal Integration

The process of ensuring that various parts of an organization work together efficiently and cohesively.

Structural Adaptation

The process by which organizations or entities change their internal framework to better respond to external pressures, demands, or opportunities.

Shared Values

The fundamental beliefs and principles that guide the behavior of individuals within an organization or community.

Observable Culture

The aspects of an organization's culture that can be seen or noticed through behaviors, rituals, and symbols.