Question
Total direct Labor variance is a. Labor efficiency variance + rate variance with respect to direct labor b. Efficiency variance + rate variance with respect
Total direct Labor variance is
| a. | Labor efficiency variance + rate variance with respect to direct labor | |
| b. | Efficiency variance + rate variance with respect to all labor (direct and indirect) | |
| c. | Efficiency variance - rate variance with respect to direct labor | |
| d. | Efficiency variance - rate variance with respect to all labor (direct and indirect) |
Value added activities are
| a. | Direct material (only) | ||||
| b. | Direct labor (only) | ||||
| c. | Overhead (only) | ||||
|
If a company raises its required operating profit
| a. | break even point is negative | |
| b. | break even point is zero | |
| c. | required contribution margin increases | |
| d. | required contribution margin decreases |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started