Lee Company's direct labor costs for the month of February follow: Actual direct labor hours 16,000 Standard direct labor hours 16,400 Direct labor rate variance--unfavorable $ 4,000 Total payroll $152,000 What was Lee's standard direct labor rate?
a. $9.50
b. $9.75
c. $9.40
d. $9.25
d
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When it comes to losses from fraud,
a. the highest losses are from employees under 40 years of age b. women tend to commit more frauds then men. c. higher education levels mean higher losses from fraud d. all of the above
A company has produced a new battery with an estimated mean lifetime of 60 hours. Management also believes that the standard deviation is 4.5 hours and that battery hours are normally distributed. To promote the new battery, management has offered to refund some money if the battery fails to reach 50 hours before the battery needs to be recharged. Specifically, for batteries with a lifetime below 50 hours, the management will refund a customer $50 per hour short of 50 hours. a. For each battery sold, what is the expected cost of the promotion?b. What hours should the company set the promotion claim if it wants the expected cost to be $0.50?
What will be an ideal response?
A planning strategy that produces the exact amount demanded in each period is known as
A) chase SOP. B) level SOP. C) hybrid SOP. D) rough-cut SOP.
Ryan Motors' chief technical officer thinks that Chile would not be a good place to sell cars because its average per-capita income is not as high as those of some other emerging markets. Which of the following assumptions does his argument rely on?
A) Chile has an unequal distribution of wealth. B) The middle class in Chile is not as well educated as that of the United States. C) Chile's trade policies discourage the country from importing products. D) The distribution of income in Chile is similar to that in other emerging markets. E) Chile has a relatively high rate of taxation.