An expression of the hourly labor pay cost per function or job classification that is expected to exist during the next accounting period is the definition of a
A)direct labor time standard.
B)direct materials quantity standard.
C)direct labor rate standard.
D)variable overhead rate.

Question

Quizplus · Accepted Answer

Direct labor rate standard is the expression of hourly labor pay cost per function or job classification expected to exist during the next accounting period. Direct labor time standard pertains to the expected amount of time required to complete a unit of product, while direct materials quantity standard represents the quantity of materials expected to be used per unit of product. Variable overhead rate pertains to the hourly rate at which variable overhead costs are expected to be incurred.

An Expression of the Hourly Labor Pay Cost Per Function