Principles of Managerial Accounting: Week 7

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True or false: an unfavorable labor rate variance and a favorable labor efficiency variance may result from experienced or supervisory workers assigned to more basic tasks in a production process.

Selected: True This answer is correct.
False

Correct! Unfavorable labor rate variances typically result when more highly paid workers are assigned to tasks. Also, favorable labor efficiency variances result when more experienced workers take less time to complete a production process.

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