A Professor Holds Office Hours During Final Exam Week and Discovers

question 67

Multiple Choice

A professor holds office hours during final exam week and discovers much to his dismay that his sudden popularity affords him little time to engage in his favorite activity, watching cat videos.Fifteen students per hour arrive at his office and he patiently answers questions, averaging three minutes per student.A student joins the line at 9:45 am and the test is at 10:00 am the same morning.How much time does the student have after getting his question answered to get to the exam room?

• A)12 minutes
• B)9 minutes
• C)6 minutes
• D)3 minutes

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Definitions:

Raw Materials

Raw Materials are the basic substances or components that are converted through manufacturing processes into finished goods.

Raw Materials Inventory

Items and supplies held in stock that are used in the manufacturing process to create finished goods.

Materials Quantity Variance

This variance measures the difference between the actual quantity of material used in production and the standard quantity allowed, multiplied by the standard cost per unit of material.

Direct Labor Costs

Expenses related to employees who directly produce a product or provide a service, such as wages for assembly line workers.