If the Wage Rate Paid Per Hour Differs from the Standard

question 89

Multiple Choice

If the wage rate paid per hour differs from the standard wage rate per hour for direct labor, the variance is termed a:

• A) variable variance
• B) rate variance
• C) quantity variance
• D) volume variance

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Definitions:

Merchandise

Goods that are bought, sold, or traded in the retail environment.

Home

A place of residence or refuge; the physical space where one lives and finds comfort, often signifying personal and emotional attachment.

Federal

Pertaining to the central government of a country, rather than state, local, or provincial authorities.

State

A politically organized body of people under a sovereign government, recognized within a certain territorial area.