Harrison Inc has computed direct labor standards for the manufacture of its product to be 4 hours of labor per product at a cost of $15 per hour. During March, Harrison produced 45 products in 190 hours and incurred direct labor costs of $2,720. Harrison's direct labor efficiency variance was
A) $150 (F).
B) $130 (U).
C) $150 (U).
D) $130 (F).
C
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Which of the following statements is true in the context of the BCG growth-share matrix?
A) Stars often need heavy investment to finance their rapid growth in a market. B) The positions of SBUs in the growth-share matrix rarely change over time. C) The income from one SBU cannot be used to support other business units. D) Dogs promise to be large sources of cash. E) Cash cows typically turn into stars.
The entry to record the application of overhead costs includes a debit to the Overhead account
Indicate whether the statement is true or false
A trend in business with respect to learning is to
A) use formal classroom learning just for hard skills. B) integrate formal classroom learning with informal learning. C) use informal learning to replace formal classroom learning. D) assign workers to either formal classroom learning or informal learning.
Regardless of differences in legal systems and cultures, organized philanthropy is viewed as a positive development in all nations.
a. True b. False