The ________ Variance "Measures Whether the Quantity of Direct Labor

question 154

Multiple Choice

The ________ variance "measures whether the quantity of direct labor used to make the actual number of outputs is within the standard allowed for that number of outputs."

• A)direct labor production volume
• B)direct labor overhead flexible budget
• C)direct labor rate
• D)direct labor efficiency

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Definitions:

Preferred Stock

represents ownership in a corporation with a claim on assets and earnings before common stockholders, often paying fixed dividends.

Par Value

The nominal value of a bond or stock as declared by the issuer, which might not match its value on the market.

Annual Dividend

The annual dividend is the total amount of dividend payments a company distributes to its shareholders over a year.

Common Stock

A type of security representing ownership in a corporation, entitling the holder to vote at shareholders' meetings and receive dividends.