Information relating to direct labor for the Newstead Company follow: Actual direct labor hours 5,600 Standard direct labor hours 5,400 Total direct labor per payroll $53,200 Standard labor rate per hour $9.00 The labor rate variance is:
a. $2,800 unfavorable
b. $2,700 unfavorable
c. $4,600 unfavorable
d. $1,800 unfavorable
a
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Organizations that want employees to focus on efficiency and on group incentives are most likely to implement a ________ program.
A. gainsharing B. commission C. piece rate pay D. standard hour E. bonus
If the most optimistic time for completing an activity is 2, the most likely time is 4, and the most pessimistic time is 7, then the estimated time for the activity is ______.
A. 4.17 B. 10.58 C. 5.83 D. 6.42
Bluefield Inc is considering a project that will require an initial investment of $75,000 and is expected to generate future cash flows of $15,000 for years 1 through 3 and $10,000 for years 4 through 8. The project's payback period is:
A) 6 years. B) 5 years. C) 4 years. D) 2.67 years.
A firm in the process of developing a ________ ________ might ask these questions: What is our business? Who is our customer? What is our value to the customer? and What should our business be?
Fill in the blank(s) with the appropriate word(s).