Elliott Corporation makes and sells a single product. Last period the company's labor rate variance was $14,400 U. During the period, the company worked 36,000 actual direct labor-hours at an actual cost of $338,400. The standard labor rate for the product in dollars per hour is:
A. $8.50
B. $9.00
C. $8.10
D. $9.40
Answer: B
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In the case of ________ demand, consumers dislike the product and may even pay a price to avoid it
A) nonexistent B) overfull C) irregular D) negative E) declining
List a major service firm from the chapter that has received the Malcolm-Baldrige National Quality Award
What will be an ideal response?
Which of the following is a disadvantage of a general partnership?
A) The control of a partnership is skewed in favor of the partner who invests most capital. B) Partnerships do not have perpetual existence. C) Both a partnership and its individual partners are taxed separately. D) The partnership agreement does not allow partners to leave the business.
Answer the following statement(s) true (T) or false (F)
1. Organization change theory is widely researched and can be dated back to the early 1920s. 2. According to Faucheux, there needs to be a stronger linkage between social and technical approaches in OD. 3. A gamma change involves change from one state to another 4. A few main aspects from research has found that trust, involvement, and selection to lead a successful change effort automatically lead to change recipients trusting their leaders. 5. Distributed leadership and the “heroic leader paradigm” go hand in hand.