The Charger Company Makes Tables for Which the Following Standards

question 53

Multiple Choice

The Charger Company makes tables for which the following standards have been developed: $\begin{array}{cc}&\text { Standard Inputs } & \text { Standard Frice } \\&\text { Expected for Each } & \text { Expected per } \\&\text { Unit of Output } & \text { Unit of Output }\\\hline\text { Direct materials } & 10 \text { pounds } & \$ 4 \text { per pound } \\\text { Directlabor } & 3 \text { hours } & \$ 16 \text { per hour }\end{array}$ Production of 230 tables was expected in July, but 250 tables were actually completed. Direct materials purchased and used were 2,200 pounds at an actual price of $4.50 per pound.Direct-labor cost for the month was $10,620, and the actual pay per hour was $18.00._____ is the direct-material price variance for July.

• A)$1,100 unfavorable
• B)$1,100 favorable
• C)$800 unfavorable
• D)$800 favorable

Learn strategies for mitigating information asymmetry and enhancing decision-making quality in teams.

Grasp the concept of a Transactive Memory System (TMS) in managing team knowledge and enhancing performance.

Appreciate the complexity introduced by functional diversity in teams and its impacts on problem-solving.

Understand interventions to counteract the common information effect and the importance of early and effective training to foster effective team dynamics.

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Definitions:

Double Taxation

The imposition of taxes on the same income, assets, or financial transaction at two different levels of government, such as corporate income being taxed both to the corporation and to the shareholders when distributed as dividends.

Economic Growth

A rise in the production of goods and services per capita over a certain time frame.

Saving Rate

The proportion of income that is not spent on consumption but is instead saved by individuals or entities.

National Debt

The total amount of money that a country's government has borrowed, usually as a result of spending more than it receives in taxes.