Using more direct labor hours for units produced than the amount allowed by the standard results in:
A. An unfavorable total labor variance.
B. An unfavorable labor efficiency variance, regardless of the wage rate paid to employees.
C. An unfavorable labor efficiency variance only if the wage rate is higher than standard cost allowed.
D. A favorable labor rate variance, because the hourly wage rate is automatically reduced when workers operate less efficiently.
B
Business
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Types of financial institutions include all of the following EXCEPT:
a. commercial banks b. pension funds c. insurance companies d. all of the above are types of financial institutions
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