Figure 10-4

question 44

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' actual cost per labor hour?

• A)$12.75
• B)$11.50
• C)$10.50
• D)$10.25

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Definitions:

Polluter and User Pay

A principle stating that those who produce pollution or use resources should bear the costs of managing it to prevent environmental degradation.

Tax

A compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization to fund various public expenditures.

Environmental Impact Statement

An Environmental Impact Statement (EIS) is a document prepared to describe the positive and negative effects of proposed projects on the environment.

Germany

Germany is a country in Central Europe, known for its rich history, cultural heritage, and as a major economic and political power.