Moreland Manufacturing Inc Moreland Manufacturing Inc produces and sells stainless steel faucets. In the current year, the company had budgeted for the production and sale of 6,000 faucets but, due to unexpected demand, 7,000 faucets were actually produced and sold. Each faucet has a standard requiring 15 ounces of direct material at a cost of $.40 per ounce and 15 minutes of assembly time at a

cost of $.20 per minute. Actual costs for the production of 7,000 faucets were $41,359.50 for materials (106,050 ounces purchased and used @ $.39 per ounce) and $21,560 for labor (98,000 minutes @ $.22 per minute). Refer to the Moreland Manufacturing Inc information above. Moreland's direct labor rate variance is:
A) $2,100 F.
B) $1,800 F.
C) $1,960 U.
D) $ 560 U.


C

Business

You might also like to view...

The first step of an advertising management program is to:

A) review the role of advertising in the IMC effort B) select an in-house or external advertising agency C) develop an advertising campaign management strategy D) prepare a creative brief

Business

An example of a monetary asset is

A) Accounts Receivable. B) Copyright. C) Retained Earnings. D) Land.

Business

Symmonds Inc., a company manufacturing breakfast cereals, has extended its special Crispo cereal brand into a full line of breakfast cereals plus protein shakes, fruit and sandwich spreads, butter, and doughnuts. This is an example of ________

A) line extension B) brand extension C) licensing D) co-branding E) cannibalization

Business

Unless an LLC has specified otherwise in its articles of organization, its duration is ________

A) ten (10 ) years B) twenty (20 ) years C) the life of the organizer plus 70 years D) unlimited

Business