Question: A standard which represents an efficient level of performance that is attainable under expected operating conditions is called a ( n ) a . ideal

A standard which represents an efficient level of performance that is attainable under expected operating conditions is called a(n)
a. ideal standard.
b. loose standard.
c. tight standard.
d. normal standard.
A total labor variance is analyzed in terms of
a. rate (price) and hours (quantity) variances.
b. buy and sell variances.
c. quantity and quality variances.
d. tight and loose variances.
The total materials variance is equal to the
a. materials price variance.
b. difference between the materials price variance and materials quantity variance.
c. product of the materials price variance and the materials quantity variance.
d. sum of the materials price variance and the materials quantity variance.
Labor efficiency is measured by the
a. materials quantity variance.
b. total labor variance.
c. labor quantity (hours) variance.
d. labor rate variance
A standard which represents an efficient level of

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