The difference between the actual labor rate multiplied by the actual labor hours worked and the standard labor rate multiplied by the standard labor hours is the:. a. labor price variance.
b. total labor variance.
c. labor efficiency variance.
d. labor quantity variance.

c. labor efficiency variance.

Explanation:

The labor efficiency variance can be regarded as variance that is been based on the quantity of labor hours that is been used in production. It is the difference that exist between actual number of direct labor hours that one worked as well as the budgeted direct labor hours that is required to have worked based on the standards.

It should be noted that the difference between the actual labor rate multiplied by the actual labor hours worked and the standard labor rate multiplied by the standard labor hours is the labor efficiency variance.

a recipe serves 8 people, and calls for 5 lbs of apples and 2 cups of flour. you want to prepare it for 24 people. divide 24 by 8 to get 3, and then multiply your ingredients by 3.

so for 24 people, you'll need 15 lbs of apples, and 6 cups of flour.

when consumers have more money to pay for a product, the most likely situation to occur from the possible options on the list is (2) an increase in price for computer and computer accessories will happen.

companies tend to price products according to production costs, but they also take into account how much money would a consumer in certain segments be willing to pay for their product. if they have more money, the products would definitely be priced higher.