Using More Direct Labor Hours for Units Produced Than the Amount

question 104

Multiple Choice

Using more direct labor hours for units produced than the amount allowed by the standard results in:

• A)An unfavorable total labor variance.
• B)An unfavorable labor efficiency variance,regardless of the wage rate paid to employees.
• C)An unfavorable labor efficiency variance only if the wage rate is higher than standard cost allowed.
• D)A favorable labor rate variance,because the hourly wage rate is automatically reduced when workers operate less efficiently.

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Definitions:

Gilded Age

The period in U.S. history from the 1870s to about 1900, characterized by rapid economic growth, extravagant wealth for some, but also widespread poverty and corruption.

Gilded Age

A term describing the late 19th century in the United States, characterized by rapid economic growth, industrialization, and a marked disparity between rich and poor.

Generalized Economic Growth

Broad-based expansion in economic activity and productivity across multiple sectors, leading to increased wealth and living standards over time.

Corruption

The abuse of entrusted power for private gain, which can occur in various forms such as bribery, embezzlement, and nepotism.