When Managers Investigate a Direct Labor Efficiency Variance,they Are Trying

question 31

Multiple Choice

When managers investigate a direct labor efficiency variance,they are trying to

• A)Place blame on the person responsible for the variance.
• B)Understand why workers took a longer or shorter amount of time than expected to produce a product.
• C)Find out which workers were paid more than the standard rate.
• D)All of these ans choices are correct.

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Definitions:

Non-par-value Share

Shares issued without a nominal or face value, with their selling price determined by the market or by the issuing company.

Distinguish

To recognize or treat as different; to make a clear separation between two or more things.

Share

The means of acquiring funds from a large number of sources to run a corporation; an interest in a corporation held by an investor.

Preferred Shares

A type of stock that provides dividends to shareholders before common stockholders and may have preferential treatment in asset distribution upon liquidation.