Which Factor Would Most Emphasize the Importance of an Increase

question 22

Multiple Choice

Which factor would most emphasize the importance of an increase in the diversity efforts of a food service organization?

• A) Changes in customers' dining preferences
• B) Implementation of the Affordable Care Act
• C) Increases in the federal minimum wage rate
• D) Changing demographics of the local labor force

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Definitions:

Materials Quantity Variance

The variance between the real amount of materials consumed in the production process and the anticipated standard amount, times the standard unit cost.

Direct Materials Purchases Variance

A measure used in accounting to analyze the difference between the budgeted cost of materials needed for production and the actual cost incurred.

Actual Production

The real quantity of goods or services produced in a specified period, as opposed to planned or expected production levels.

Labor Rate Variance

The difference between the actual labor costs incurred and the standard labor costs expected for the labor hours worked.