If the Standard to Produce a Given Amount of Product

question 115

True/False

If the standard to produce a given amount of product is 600 direct labor hours at $17 and the actual was 500 hours at $15,the time variance was $1,700 favorable.

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Definitions:

Frederick Herzberg

An American psychologist best known for developing the Motivator-Hygiene Theory, which distinguished between factors that cause job satisfaction and dissatisfaction.

Frederick Herzberg

An American psychologist best known for introducing the two-factor theory of motivation, distinguishing between motivators and hygiene factors in the workplace.

Abram Maslow

A rephrasing of Abraham Maslow, who was an American psychologist known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs.

Unsubstantiated Generalizations

Statements made broadly about a group, situation, or phenomenon without supporting evidence or data.