The Lennon Company uses a standard costing system and a flexible budget. At a normal level of activity of 15,000 units and 45,000 standard direct labor hours, the standard direct labor cost would be $270,000. During June, 44,950 hours were worked to produce 14,000 units at an actual direct labor cost of $352,000. The direct labor efficiency variance in June was
A) $25,700 (U).
B) $17,700 (U).
C) $17,700 (F).
D) $25,700 (U).
B
You might also like to view...
Kim Smith is a sales manager for a large corporation. When organizing her sales force, Kim decided to have each selling team focus on only one very large customer. Kim has used the ________ sales force organization
A) geographic B) product line C) services D) key accounts E) industry
During the year, Hawkings produced 10,000 units, used 20,000 direct labor hours, and incurred variable overhead of $90,000. Budgeted variable overhead for the year was $88,000. The hours allowed per unit are 2.1. The standard variable overhead rate is $4.00 per direct labor hour. The variable overhead spending variance is:
A) $2,000 F. B) $6,000 U. C) $10,000 U. D) $2,000 U. E) none of these.
The Mayo Clinic in Minnesota is known for top-quality medical care. For decades, even presidents and dictators from around the world flew to the Mayo Clinic to utilize its services. The Mayo Clinic used its reputation to create additional medical facilities in Jacksonville, Florida, and elsewhere. This is an example of a firm focusing its efforts on satisfying customer needs that
A. match its core competencies. B. competitors have tried and failed to satisfy. C. are important to all generational cohorts. D. provide minimal core value. E. are easiest to satisfy.
A polite request phrased as a question out of courtesy does not need to end with a question mark
Indicate whether the statement is true or false