Match Each of the Following Calculations with Their Corresponding Variance

question 122

Multiple Choice

Match each of the following calculations with their corresponding variance.
-Total direct labour variance

• A)Actual quantity × actual price
• B)(Actual hours × actual rate) - (standard hours × standard rate)
• C)(Actual quantity × actual price) - (standard quantity × standard price)
• D)(Actual hours - standard hours) × standard rate
• E)(Actual price - standard price) × actual quantity
• F)Standard quantity × standard price
• G)(Actual rate - standard rate) × actual hours
• H)(Actual quantity - standard quantity) × standard price

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Definitions:

Product/Service

A product or service refers to any item or assistance offered by businesses or individuals that meet the needs or desires of consumers.

House of Quality

A comprehensive framework used in the quality function deployment process that translates customer requirements into appropriate company requirements at each stage, from product planning to production.

Value Analysis

A review of successful products that takes place during the production process.

Product Success

The achievement of specific goals set for a product, often measured through metrics such as sales, profitability, market share, and customer satisfaction.