Whitman Has a Direct Labor Standard of 2 Hours Per

question 15

Multiple Choice

Whitman has a direct labor standard of 2 hours per unit of output.Each employee has a standard wage rate of $22.50 per hour.During July,Whitman paid $94,750 to employees for 4,445 hours worked.2,350 units were produced during July.What is the flexible budget amount for direct labor?

• A)$105,750
• B)$189,500
• C)$200,025
• D)$211,500

Identify and explain the variances in overhead, labor, and materials costs.

Recognize the role and responsibility of different departments in variance analysis and standard cost setting.

Differentiate between various types of standards such as ideal, normal, and tight standards.

Understand how standard costs contribute to management planning, control, and decision making.

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Definitions:

Id, Ego, And Superego

These are key components of Freud's psychoanalytic theory, representing the three parts of the human personality: the id is the primal desires, the ego is the realistic mediator, and the superego is the moral conscience.

Personal Unconscious

A Jungian psychology term referring to the reservoir of all an individual's repressed, forgotten, or subliminally perceived experiences.

Collective Unconscious

A concept in analytical psychology referring to the part of the unconscious mind which is derived from ancestral memory and experience common to all humankind.

Archetypes

Fundamental, universal symbols or themes that recur in myths, literature, and dreams reflecting the collective unconscious.