A manager prepared the following table by which to analyze labor costs for the month:

Actual Hours at

Actual Hours at

Standard Hours at

Actual Rate

Standard Rate

Standard Rate

$10,000

$9,800

$8,820

• What variance was $200?
• A.
• Labor spending variance.
• B.
• Labor efficiency variance.
• C.
• Labor rate variance.
• D.
• Labor sales volume variance.

2:

A university admissions committee believes that standardized test scores, high school grade point average, and the rigor of high school courses are the most important variables in predicting undergraduate grade point average (GPA). The technique appropriate for modeling expected undergraduate GPA is

• A.
• Multiple regression analysis.
• B.
• Bivariate regression analysis.
• C.
• Exponential smoothing.
• D.
• Auto-regressive model.