In a Company's Standard Costing System Direct Labor-Hours Are Used

question 135

Multiple Choice

In a company's standard costing system direct labor-hours are used as the base for applying variable manufacturing overhead costs. The standard direct labor rate is twice the variable overhead rate. Last period the labor efficiency variance was unfavorable. From this information one can conclude that last period the variable overhead efficiency variance was:

• A)unfavorable and half the labor efficiency variance.
• B)favorable and half the labor efficiency variance.
• C)unfavorable and twice the labor efficiency variance.
• D)favorable and twice the labor efficiency variance.

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Definitions:

Self-Concept

An individual's perception of self, formed through experience and interpretation of one's own actions and how others react to those actions.

Person-Centred Theory

A psychological approach developed by Carl Rogers that emphasizes the importance of seeing a person's world from their own perspective for effective therapy.

Self-Actualisation

Self-actualisation represents the realization or fulfillment of one's talents and potentialities, especially considered as a drive or need present in everyone, marking the pinnacle of psychological development.

Humanistic Theories

A perspective in psychology emphasizing individual potential for growth and the importance of human values and personal fulfillment.