Which Term Refers to a Set of Characteristics Believed to Be

question 103

Multiple Choice

Which term refers to a set of characteristics believed to be shared by all members of a particular group?

• A) stereotype
• B) expectation
• C) classification
• D) categorization

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Definitions:

Direct Labor Variance

The difference between the budgeted cost of direct labor and the actual cost incurred, used to assess labor efficiency and cost control in production.

Per-unit Standards

Defined benchmarks for the amount of materials, labor, and overhead costs that should be used in producing a single unit of a product.

Direct Labor Hours

The total time workers spend directly manufacturing a product or providing a service.

Standard Direct Materials Costs

The expected or budgeted cost for direct materials which are those materials that can be directly associated with the manufacturing of a product.