A Favorable Labor Efficiency Variance Would Result in a Debit

question 44

True/False

A favorable labor efficiency variance would result in a debit balance in the labor efficiency variance account.

---

Definitions:

Big Five

refers to a theory of personality that identifies five main dimensions of human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Nomothetic

An approach in psychology that seeks to study and identify general laws and principles that apply to all individuals.

Idiographic

An approach in psychological research focusing on the unique aspects of individual personalities or cases as opposed to universal laws.

Gordon Allport

A psychologist who pioneered the study of personality, emphasizing the uniqueness of the individual and the importance of the current context for understanding behavior.