The price variance for direct labor is called the direct labor rate variance.Because the price of direct labor is called the direct labor rate,the price variance for labor is called the direct labor rate variance.
Correct Answer:
Verified
Q4: A standard cost card shows what the
Q5: A price standard is the price that
Q6: The production manager is typically responsible for
Q7: The flexible budget can be used as
Q8: The variable overhead rate variance is the
Q10: When preparing a flexible budget,fixed costs should
Q11: A budget depends upon the level of
Q12: Fixed overhead does not have separate price
Q13: The production manager is typically responsible for
Q14: A standard cost system records cost at
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents