Wolery Inc. has provided the following data concerning one of the products in its standard cost system.InputsStandard Quantity or Hours per Unit of OutputStandard Price or RateDirect labor0.20 hours$21.70 per hourThe company has reported the following actual results for the product for April: Actual output 8,800unitsActual direct labor-hours 1,610hoursActual direct labor rate$23.30per hourThe labor rate variance for the month is closest to: (Round your intermediate calculations to 2 decimal places.)
A. $2,576 F
B. $2,816 F
C. $2,576 U
D. $2,816 U
Answer: C
You might also like to view...
Beginning inventory for the month contained 3,000 units that were 60 percent complete with respect to materials. During the month, 50,000 units were completed and transferred out. Ending inventory contained 5,000 units, 30 percent complete with respect to materials. The weighted average equivalent units of production for materials for the month would be
A) 50,000 B) 51,500 C) 50,300 D) 49,500
Catastrophic losses are not insured by the private insurance industry because:
A) if a truly catastrophic loss occurs, it can threaten the solvency of the insurer B) catastrophic losses can result from an individual's moral hazard C) the federal government wants to insure catastrophic losses D) the losses require foreign reinsurance companies to operate in the U.S.
In 2000, the average charge of tax preparation was $95 . Assuming a normal distribution and a standard deviation of $10, use the approximate areas beneath the normal curve, as discussed in this section, to answer : What proportion of tax preparation fees were exactly $100?
The party to receive a distribution of principal from an estate is legally called a(n):
A. Principal grantee. B. Corpus benefactor. C. Remainderman. D. Estate distributee. E. Estate receiver.