The Standard Costs and Actual Costs for Direct Labor for the Manufacture

question 88

Multiple Choice

The standard costs and actual costs for direct labor for the manufacture of 2,500 actual units of product are as follows: The direct labor rate variance is

• A) $2,960 unfavorable
• B) $4,500 favorable
• C) $2,960 favorable
• D) $4,500 unfavorable

---

Definitions:

Concentration Ratios

Concentration ratios measure the proportion of market share controlled by the largest firms within an industry, indicating the level of competition.

Geographic Distribution

The natural arrangement and location of various forms of life and how they are spread out across the earth.

Metropolitan Area

A region consisting of a densely populated urban core city and its less-populated surrounding territories, sharing industry, infrastructure, and housing.

Resource Suppliers

are entities or individuals that provide the inputs needed for production processes, including raw materials, labor, and capital.