When multiple labor categories are used,the monetary impact of using a higher or lower number of hours than a standard allows is referred to as a labor yield variance.

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This statement is true. A labor yield variance is the difference between the actual hours worked and the standard hours for a particular labor category, multiplied by the standard rate for that category. This variance can be positive (if actual hours were fewer than standard hours) or negative (if actual hours were more than standard hours), and it represents the monetary impact of using a higher or lower number of hours than planned for a given task or project.

When Multiple Labor Categories Are Used,the Monetary Impact of Using