Price variance for direct manufacturing labour is referred as
A. direct variance
B. rate variance
C. labour variance
D. manufacturing variance
Answer: Option B
Solution(By Examveda Team)
Price variance for direct manufacturing labour is referred as rate variance. A rate variance is the difference between the actual price paid for something and the expected price, multiplied by the actual quantity purchased. The concept is used to track down instances in which a business is overpaying for goods, services, or labor.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
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B. help banks make decisions
C. help managers make decisions
D. help investors make decision
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