If the Actual Direct Labor Hours Spent Producing a Commodity

question 34

Multiple Choice

If the actual direct labor hours spent producing a commodity differs from the standard hours, the variance is termed a:

• A) time variance
• B) price variance
• C) quantity variance
• D) rate variance

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Definitions:

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Engage in activity for enjoyment and recreation rather than a serious or practical purpose.

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An age or stage in human development generally associated with early elementary school years, characterized by rapid learning, socialization, and cognitive growth.

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The act of not disclosing information to others that is intended to be private or confidential.