The direct labor standards for a particular product are 4 hours of direct labor at $12.00 per direct labor-hour = $48.00. During October, 3,350 units of this product were made, which was 150 units less than budgeted. The labor cost incurred was $159,786 and 13,450 direct labor-hours were worked. The direct labor variances for the month were: Labor Rate VarianceLabor Efficiency VarianceA)$1,614U$600UB)$1,614U$600FC)$1,614F$600UD)$1,614F$600F
A. Choice A
B. Choice B
C. Choice C
D. Choice D
Answer: C
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When a joint cost is allocated based on pounds of output, all products will:
a. Have a sales value greater than their cost. b. Have the same joint cost per pound. c. Be salable at the split-off point. d. Have no disposal value at the split-off point.
For which one of the following, should you include only one side of an argument?
A. If receivers oppose your position. B. If receivers are well educated. C. If receivers are likely to be exposed later to persuasive messages countering your position. D. If receivers already agree with your position. E. All of the above
How many tractors and saws should be produced to maximize profit, and how much profit will they make?
What will be an ideal response?
If the production schedule calls for assembly of 500 motorcycles, then the 1,000 wheels and 1,000 tires that are required to produce the 500 motorcycles are ______.
a. classified as dependent demand items b. classified as independent demand items c. classified as inelastic demand items d. classified as inelastic supply items