Dirickson Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.InputsStandard Quantity or Hours per Unit of OutputStandard Price or RateDirect materials 7.6 ounces$9.40per ounceDirect labor 0.10hours$18.00per hourVariable manufacturing overhead 0.10hours$5.30per hourThe company has reported the following actual results for the product for July: Actual output 7,600unitsRaw materials purchased 63,000ouncesActual cost of raw materials purchased$541,800 Raw materials used in production 57,750ouncesActual direct labor-hours 820hoursActual direct labor cost$16,072 Actual variable overhead cost$4,592 The labor rate variance for the month is
closest to:
A. $1,312 U
B. $1,216 F
C. $1,312 F
D. $1,216 U
Answer: A
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Indicate whether the statement is true or false
The most prominent unions are those whose members are ______ sector employees such as teachers and police officers.
A. public B. private C. business D. service
The first stage in the problem definition process is examination of secondary data sources
Indicate whether the statement is true or false