If the Actual Direct Labor Hours Spent Producing a Commodity

question 36

Multiple Choice

If the actual direct labor hours spent producing a commodity differs from the standard hours,the variance is a

• A) time variance
• B) price variance
• C) quantity variance
• D) rate variance

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Definitions:

Mania

A bipolar mood disorder characterized by flamboyance and expansiveness. A person experiencing a manic episode may go on shopping sprees, engage in sexually promiscuous behaviour, take on numerous, unrealistic work commitments, brag, and dominate others socially. In general, the person shows intolerance when the world does not cooperate with his or her momentary needs. Extreme or prolonged cases of mania are considered bona fide psychotic states, implying that the person is experiencing a break with reality. From the Greek mainomai, “to be mad.” See also hypomania.

Depression

A mental health disorder that is marked by persistent feelings of sadness, apathy, and loss of interest, significantly affecting daily functioning.

Mood Disorders

A category of psychiatric disorders characterized by the disturbance of a person's mood, leading to periods of depression or elevated mood.