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.