Figure 10-4

question 49

Multiple Choice

Figure 10-4. High Fliers Company produces model airplanes.During the month of November,it produced 2,000 planes.The actual labor hours were 7 hours per plane.Its standard labor hours are 10 hours per plane.The standard labor rate is $11 per hour.At the end of November,High Fliers found that it had a favorable labor rate variance of $10,500.
Refer to Figure 10-4.What was High Fliers' total labor variance?

• A)$61,500 F
• B)$76,500 F
• C)$76,500 U
• D)$61,500 U

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Definitions:

Optimists

Individuals who tend to maintain a positive outlook on life and anticipate favorable outcomes.

Consistent Losses

Repeated instances of failure or defeat, often leading to negative psychological effects like decreased motivation or self-esteem.

Optimistic Explanatory Style

A psychological attribute characterized by the tendency to attribute positive events to personal, permanent causes and negative events to external, temporary causes.

Health Problems

Issues or conditions that negatively impact an individual's physical, mental, or emotional well-being.