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JulsSmile [24]
1 year ago
7

The two components of the direct labor flexible budget variance are the direct labor price variance and the direct labor quantit

y variance. rate variance and the direct labor efficiency variance. rate variance and the direct labor standard variance. efficiency variance and the direct labor standard variance.
Business
1 answer:
Zepler [3.9K]1 year ago
6 0

The two components of the direct labour flexible budget variance are the direct labour price variance and the direct labour quantity variance.

<h3>What is direct labour flexible budget?</h3>

To determine how many work hours will be required to create the items listed in the production budget, the direct labour budget is used. The overall number of hours required will be determined by a more intricate direct labour budget, which will also divide this data down by labour type.

Direct labour price variance - The cost of the discrepancy between the expected and actual labour rates is measured by direct labour rate variance. The variance will be deemed unfavourable if it shows that actual labour rates were higher than anticipated labour rates.

Direct labour quantity variance - The cost of the discrepancy between the anticipated number of labour hours needed for the operations and the actual number of labour hours needed for the operations is known as the direct labour efficiency variance.

The labour quantity variance is calculated as-

  • The labour price variation is calculated by multiplying the actual hours worked by the actual paid rate, which is then subtracted from the standard budgeted rate.
  • The standard rate is multiplied by the difference between the standard hours budgeted and the actual worked hours budgeted to determine the labour quantity variance.

To know more about the flexible-budget variance measures, here

brainly.com/question/24013612

#SPJ4

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Mariulka [41]

Answer:

No, Jim is not correct.

Explanation:

Betty will win this case.

Generally, the law encourages marriage as its policy. If there is any contract that prevent or restrict marriage in whatever way, such contract would be considered null and void because it is against the public policy.

Despite the above, contracts will be generally considered valid when they place reasonable restrictions on marriage. In this question, the restriction placed on Betty that she should get married until after her 22nd birthday is reasonable and has to be considered to be valid. Based on this, Betty has to be paid the $25,000 as laid down in the binding contract between the two parties.

Therefore, Jim is not correct.

4 0
3 years ago
____________ occurs when a seller takes on various digital identities by opening up several email accounts and bids on his or he
Aleksandr-060686 [28]

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s2008m [1.1K]

Answer:

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