Belle Auto Detailing Reported the Following Results for the Past

question 194

Multiple Choice

Belle Auto Detailing reported the following results for the past week: What is Belle's direct labor rate variance? (Round intermediary calculations to two decimal places.)

• A)$3422 favorable
• B)$16,011 favorable
• C)$3422 unfavorable
• D)$16,011 unfavorable

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Definitions:

Compounding Periods

The intervals at which interest is calculated and added to the account's balance in the context of investing or saving.

Variable-Rate Loan

A loan whose interest rate changes over the life of the loan.

Fixed-Rate Loan

A loan whose interest rate remains constant.

Floor Planning

A type of business loan generally made for “big-ticket” items. The business holds the item in inventory and pays interest, but it is actually owned by the lender until the item is sold.