Darin,the Human Resources Manager of a Local Firm,makes Sure That

question 130

Multiple Choice

Darin,the human resources manager of a local firm,makes sure that the firm is paying men and women the same if they are doing the same job.The legal constraint that he is abiding by is the

• A) Equal Pay Act.
• B) Affirmative Action Act.
• C) National Labor Relations Act.
• D) various executive orders issued by the president.
• E) Female Discrimination Act.

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Definitions:

Materials Quantity Variance

The difference between the actual quantity of materials used in production and the expected quantity, valued at standard cost.

Favorable

A term used in variance analysis indicating that actual costs were lower than budgeted or standard costs, leading to higher profits.

Unfavorable

A term used in variance analysis to describe a situation where actual results are worse than expected results, often leading to a negative impact on financial performance.

Raw Materials Price Variance

This variance highlights the difference between the actual cost of raw materials used in production and the standard or expected cost.