A Product's Standard Cost Card Specifies That a Unit of the Product

question 79

Multiple Choice

A product's standard cost card specifies that a unit of the product requires 4 direct labor-hours. During September, 3,350 units were made, which was 150 units less than budgeted. The total budgeted direct labor cost for September was $117,600. The direct labor cost incurred during September was $111,850 and 13,450 direct labor-hours were worked. The labor rate variance for the month was:

• A) $5,750 F
• B) $5,750 U
• C) $1,130 F
• D) $1,130 U

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Definitions:

Personnel Selection Process

The procedure of identifying and hiring the best-qualified candidates from a pool of applicants for a job, based on criteria and methods such as interviews and tests.

Reference Checks

The process of contacting previous employers, colleagues, or other references to verify a job candidate's qualifications, character, and performance.

Background Checks

The process of verifying the personal, financial, or criminal records of an individual or entity.

Applications

The submission of materials or documents required to apply for a job, program, or service.