For a Particular Period a Firm Worked a Larger Number

question 77

Multiple Choice

For a particular period a firm worked a larger number of overtime hours than planned in order to complete a larger than usual number of job orders. The jobs were all completed within the standard time allowed for each job. Assuming only the facts given, what variance(s) would result from these facts?

• A) Unfavourable labour rate; unfavourable labour efficiency
• B) Unfavourable labour efficiency; unfavourable material quantity variance
• C) Unfavourable labour rate; unfavourable labour efficiency; unfavourable material quantity
• D) None of the given answers

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Definitions:

Employees

Individuals hired by a company or person to perform work in exchange for compensation.

Boss

An individual in charge of directing or supervising workers within an organization, responsible for decision-making and leadership.

Theory X

A management theory assuming employees are inherently lazy and will avoid work if they can, necessitating a controlling management style.

Physiological Needs

Basic human necessities required for survival, such as air, food, water, shelter, and sleep, according to Maslow's hierarchy of needs.