INSERT FIGURE 5-31 FROM TEXTBOOK IMMEDIATELY ABOVE THIS QUESTION

question 39

Multiple Choice

INSERT FIGURE 5-31 FROM TEXTBOOK IMMEDIATELY ABOVE THIS QUESTION.Referencing the above figure,calculate the voltage drop across the 2 ohm resistor.Which of the following is correct?

• A) 1.5 volts
• B) 3 volts
• C) 9 volts
• D) 12 volts

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Definitions:

Direct Labor Rate Variance

The difference between the expected cost of direct labor and the actual cost incurred, based on the rate paid per hour.

Direct Labor Time Variance

The difference between the actual time spent on production and the estimated standard time, multiplied by the standard labor rate.

Direct Labor Rate Variance

The difference between the actual cost of direct labor and the expected (or budgeted) cost, based on standard rates and actual hours worked.

Actual Costs

The real financial expenditures that a company incurs, as opposed to budgeted or estimated costs.