The Difference Between Actual Quantity Used and Standard Quantity Multiplied

question 58

Multiple Choice

The difference between actual quantity used and standard quantity multiplied by standard price is the equation for computing the

• A) direct labor efficiency variance.
• B) direct materials price variance.
• C) direct labor rate variance.
• D) direct materials quantity variance.

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Definitions:

Discrimination

Your behavior, or what you do (or intend to do, or are inclined to do) as a result of your stereotypes and prejudice.

Prejudicial Attitude

A preconceived opinion or judgment that is not based on reason or actual experience, often negative in nature.

Stereotypes

Oversimplified generalizations about groups of people that may be based on certain traits, without acknowledging individual differences.

Hiring

The process of finding, recruiting, and selecting qualified candidates for a job within an organization.