"The Difference Between Actual Hours Worked and Standard Hours Allowed

question 21

Multiple Choice

"The difference between actual hours worked and standard hours allowed for the good units produced,multiplied by the standard labor rate" is a description of the

• A)direct labor rate variance.
• B)direct labor efficiency variance.
• C)total direct labor cost variance.
• D)direct labor quantity variance.

---

Definitions:

Bush Tax Cuts

A series of temporary income tax relief measures enacted by President George W. Bush in 2001 and 2003, aimed at stimulating the US economy.

Percentage Tax Rate

The portion of one's income or the cost of a transaction that must be paid as tax, expressed as a percentage.

Federal Personal Income Tax

A tax levied by the federal government on the annual income of individuals, households, and other legal entities.

Tax Bracket

A tax bracket is a range of incomes taxed at a particular rate within a tax system, influencing how much individuals or entities owe to the government.