What Does an Unfavourable Direct Labour Price Variance Indicate

question 51

Multiple Choice

What does an unfavourable direct labour price variance indicate?

• A) Both actual quantity and actual cost of direct labour hours exceeded standard quantity and standard cost of hours for actual output.
• B) The actual quantity of direct labour hours worked exceeded the standard quantity of hours for actual output.
• C) The actual cost of direct labour per hour was less than the standard cost of direct labour per hour.
• D) The actual direct labour cost per hour exceeded the standard direct labour cost per hour for actual quantity of direct labour hours.

Understand the relationship between pressure, temperature, and the state of refrigerants.

Identify the stages of the refrigeration cycle and their characteristics.

Understand the causes and effects of various system failures in refrigeration systems.

Identify the components of a refrigeration system and their functions.

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Definitions:

Financial Markets

Marketplaces where buyers and sellers engage in trade of financial assets like stocks, bonds, currencies, and derivatives.

Financial Analysis

Financial analysis involves evaluating businesses, projects, budgets, and other finance-related transactions to determine their performance and suitability.

Securities

Financial instruments representing ownership (stocks), a debt agreement (bonds), or rights to ownership (derivatives).

Publicly Available Information

Information that is not restricted and can be accessed by the general public, often used in the context of financial data and company disclosures.