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    Financial and Managerial Accounting Study Set 11
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    Exam 23: Evaluating Variances From Standard Costs
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    If the Actual Direct Labor Hours Spent Producing a Commodity
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If the Actual Direct Labor Hours Spent Producing a Commodity

Question 116

Question 116

Multiple Choice

If the actual direct labor hours spent producing a commodity differ from the standard hours, the variance is a _____ variance.


A) time
B) price
C) quantity
D) rate

Correct Answer:

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