The Labor Standard for a Product Was Five Hours at a Wage

question 90

Multiple Choice

The labor standard for a product was five hours at a wage rate of $8 per hour.The firm produced 900 units of the item.Labor costs totaled $35,250 and 4,700 hours of labor were used.An analysis of labor costs would indicate

• A) a $750 favorable labor time variance.
• B) a $1,600 unfavorable labor time variance.
• C) a $750 unfavorable labor rate variance.
• D) a $1,600 favorable labor rate variance.

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Definitions:

Abdominal Aorta

The major blood vessel in the abdomen that supplies blood to the lower part of the body.

Gastric Artery

Any of the arteries supplying blood to the stomach, vital for providing the necessary oxygen and nutrients for gastric function.

Ductus Arteriosus

A fetal blood vessel connecting the pulmonary artery to the aortic arch, allowing most of the blood to bypass the fetus's developing lungs.

Foramen Ovale

An opening in the septum between the two atria of the heart in the fetus, which normally closes soon after birth.