Dillon Has a Standard of 2 Hours of Labor Per

question 51

Multiple Choice

Dillon has a standard of 2 hours of labor per unit at $12 per hour. In producing 2000 units Dillon used 3850 hours of labor at a total cost of $46970. Dillon's labor quantity variance is

• A) $770 U.
• B) $770 F.
• C) $1800 F.
• D) $1930 F.

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Definitions:

Healthcare Spending

Financial expenditures related to medical services, including prevention, treatment, and rehabilitation.

Economic Growth

An increase in the production of economic goods and services, compared from one period of time to another, often measured by GDP.

Productivity Growth

An increase in the efficiency of production, often measured as the ratio of output to inputs over a specified period.

U.S. Economy Sector

It refers to the major segments of the U.S. economy such as agriculture, manufacturing, and services that contribute to the country's GDP.