They generally lead to goal-congruent behavior on the part of managers. They focus more in improving basic business processes than short-term financial results. They fail to incorporate nonfinancial performance indicators into the evaluation process. They provide performance data on a real-time basis.
Question 6. Question: Which one of the following is the difference between the actual
hourly wage rate and the standard hourly wage rate, multiplied by
the actual direct labor hours worked during a period? Student Answer: Total direct labor standard cost variance. Direct labor efficiency variance. Direct labor usage variance. Direct labor flexible-budget variance. Direct labor rate variance.
They generally lead to goal-congruent behavior on the part of managers. They focus more in improving basic business processes than short-term financial results. They fail to incorporate nonfinancial performance indicators into the evaluation process. They provide performance data on a real-time basis.
Question 6. Question: Which one of the following is the difference between the actual
hourly wage rate and the standard hourly wage rate, multiplied by
the actual direct labor hours worked during a period? Student Answer: Total direct labor standard cost variance. Direct labor efficiency variance. Direct labor usage variance. Direct labor flexible-budget variance. Direct labor rate variance.