An adverse labour efficiency variance together with a favourable labour rate variance may mean that
A. less labour hours are needed to make the same amount of output
B. the business is paying a higher hourly rate than the standard
C. more products are being made per hour
D. less skilled staff are being used in production
Answer: Option D
Related Questions on Management Accounting
A. resourcing
B. value acquiring
C. production
D. value acquaintance
Examining of past performance, exploring alternative and planning future is
A. learning
B. alternating
C. examining
D. deciding
Time that a company takes to create and produce a new product is classified as
A. management factor
B. time factor
C. customer factor
D. chain factor
Purpose of management accounting is to
A. past orientation
B. help banks make decisions
C. help managers make decisions
D. help investors make decision
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