Based on the Following Information, Calculate the Direct Labor Rate

question 47

Multiple Choice

Based on the following information, calculate the direct labor rate variance. ? $$\begin{array} { l l } \text { Actual rate } & 2,500 \text { hours at } \$ 15.00 \\\text { Standard rate } & 2,650 \text { hours at } \$ 15.50\end{array}$$

• A) 1,250 favorable
• B) 1,000 unfavorable
• C) 2,500 favorable
• D) 1,300 unfavorable

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Definitions:

Formed

The process of creating or establishing something, often referring to the formation of a legal or structured entity such as a company or agreement.

Advantages and Disadvantages

A consideration of the positive and negative aspects of a particular decision, action, or strategy.

Respondeat Superior

A legal doctrine holding an employer or principal legally responsible for the wrongful acts of an employee or agent, under certain conditions.

Vicarious Liability

A legal principle that holds one party responsible for the actions of another under certain conditions, typically within employment contexts.