The following data relate to direct labor costs for February: Actual costs 7,700 hours at $14 Standard costs 7,000 hours at $15 What is the direct labor rate variance?
A) $7,000 favorable
B) $7,000 unfavorable
C) $7,700 favorable
D) $7,700 unfavorable
C
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What is the balance of the company's Merchandise Inventory, as disclosed in the December 31, 2019 balance sheet as per the periodic FIFO inventory costing method?
Samson Company had the following balances and transactions during 2019:
A) $564
B) $600
C) $1,880
D) $900
What results when specific and significant impressions become generalities?
A. Stereotypes D. Symbols B. Semantics E. Connotation C. Distortions
Grabbe Enterprises uses the allowance method to account for uncollectible receivables. When an uncollectible account is written off, ________
A) the Bad Debt Expense account is debited B) no entry is required because bad debt expense is estimated at the end of the accounting period C) the write off has no effect on net income D) the Allowance for Bad Debts account is credited
The arrival rate can generally be described by a(n) ________ distribution
Fill in the blank with correct word.