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

question 138

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 answer choices are correct.

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Definitions:

Authority

The power or right to give orders, make decisions, and enforce obedience.

Agency Relationship

A connection between two parties where one, the agent, is authorized to act on behalf of the other, the principal, in dealings with third parties.

Rescission

The termination of a contract.

Consensual Relationship

A mutual agreement between parties or individuals without coercion or duress, often used in the context of personal or workplace relationships.