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 an
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
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