A Favorable Direct Labor Efficiency Variance and an Unfavorable Direct

question 98

Multiple Choice

A favorable direct labor efficiency variance and an unfavorable direct labor rate variance might indicate which of the following?

• A)Unskilled workers using more actual hours than standard, paid at a higher rate per hour than the standard rate
• B)Unskilled workers using less actual hours than standard, paid a lesser rate per hour than the standard rate
• C)Skilled workers using less actual hours than standard, paid at a higher rate per hour than the standard rate
• D)Skilled workers using more actual hours than standard, paid at a higher rate per hour than the standard rate

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Definitions:

Resistance Level

A price point on a stock chart where selling pressure is thought to exceed buying pressure, making it difficult for the price to rise further.

The Dow Line

A reference to Dow Theory, focusing on the movements of the Dow Jones Industrial Average to predict market trends.

Put/call Ratio

A indicator measuring the trading volume of put options to call options, used to gauge investor sentiment in the market.

Bearish Signal

An indicator or trend suggesting that the price of an investment is likely to decrease.