What Variance Does the Difference Between the Actual Cost of the Direct

question 74

Multiple Choice

What variance does the difference between the actual cost of the direct labour hours worked and the planned cost of the direct labour hours measure?

• A)The direct labour efficiency variance.
• B)The direct labour rate variance.
• C)The total direct labour variance.
• D)None of the above.

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Definitions:

Investment

Investment involves allocating resources, such as capital or time, in the expectation of generating a profit or benefit in the future.

Interest Rates

A charge, calculated as a percentage of the principal, demanded by a lender from a borrower for assets' usage.

Disposable Income

Income that remains for saving or spending after direct taxes (such as income tax) have been deducted from an individual's earnings.

Saving

The process of setting aside a part of current earnings for future use.