Reference: 11-08
the Following Materials Standards Have Been Established for a Particular

question 45

Multiple Choice

Reference: 11-08
The following materials standards have been established for a particular product: $$\begin{array}{l}\begin{array} { | l | l | l | } \hline \text { Standard quantity per unit of output } & 1.9 & \text { grams } \\\hline \text { Standard price } & \$ 18.00 & \text { per gram } \\\hline\end{array}\\\text { The following data pertain to operations concerning the product for the last month: }\\\begin{array} { | l | l | l | } \hline \text { Actual materials purchased } & 5,800 & \text { grams } \\\hline \text { Actual cost of materials purchased } & \$ 108,460 & \\\hline \text { Actual materials used in production } & 5,200 & \text { grams } \\\hline \text { Actual output } & 2,700 & \text { units } \\\hline\end{array}\end{array}$$
-Lab Corp. uses a standard cost system. Direct labour information for Product CER for the month of October follows: $$\begin{array} { | l | l | l | } \hline \text { Standard direct labeuf rate } & \$ 6.00 & \text { per hour } \\\hline \text { Actual direct labour rate paid } & \$ 6.10 & \text { per hour } \\\hline \text { Standard hours allowed for actual productaon } & 1,500 & \text { hours } \\\hline \text { Laboua efficiency variance-unfavourable } & 5600 & \\\hline\end{array}$$ What are the actual hours worked?

• A)1,598.
• B)1,402.
• C)1,600.
• D)1,400.

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Definitions:

Psychosocial Adjustment

The process of adapting to and coping with interpersonal and societal expectations and pressures.

Altruism

Behavior intended to help others out of inner concern and without expectation of external reward; may involve self-denial or self-sacrifice.

Conscientious

A personality trait characterized by being thorough, careful, or vigilant; implies a desire to do a task well.

Risk Taker

An individual who is willing to engage in behaviors that have the potential for significant loss or gain.