Earl Company's direct labor costs for the month of January follow: Actual direct labor hours 18,000 Standard direct labor hours 19,000 Direct labor rate variance--unfavorable $ 1,800 Total payroll $117,000 What was Earl's direct labor efficiency variance?
a. $6,500 favorable
b. $6,400 unfavorable
c. $1,800 favorable
d. $6,400 favorable
d
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Fidelity Stereo Company has provided the following information regarding its activity-based costing system:
? Purchasing department costs are allocated based on purchase orders, and the predetermined overhead allocation rate is $77 per purchase order. ? Assembly department costs are allocated based on the number of parts used, and the predetermined overhead allocation rate is $5 per part. ? Packaging department costs are allocated based on the number of units produced, and the predetermined overhead allocation rate is $4 per unit produced. Each stereo produced has 50 parts, and the direct materials cost per unit is $70. There are no direct labor costs. Fidelity Stereo has an order for 1200 stereos, which will require 45 purchase orders in all. What is the total cost for the 1200 stereos? A) $392,265 B) $307,950 C) $303,465 D) $388,800
Choosing the alternative that is the "best of the worst" using decision making under uncertainty would be:
A) maximin. B) maximax. C) Laplace. D) minimax regret.
Metrics in a supply chain are:
A) governed by the International Metric Commission. B) measurements of performance. C) not used on transportation. D) a charge passed on to customers.
Speed-to-market is the rate at which a company's competitors copy its product innovations.
Answer the following statement true (T) or false (F)