The Standard Number of Hours That Should Have Been Worked

question 49

Multiple Choice

The standard number of hours that should have been worked for the output attained is 8,000 direct labour hours and the actual number of direct labour hours worked was 8,400.If the direct labour price variance was $8,400 unfavourable, and the standard rate of pay was $18 per direct labour hour, what was the actual rate of pay for direct labour?

• A)$17.00 per direct labour hour
• B)$15.00 per direct labour hour
• C)$19.00 per direct labour hour
• D)$18.00 per direct labour hour

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Definitions:

Age Group

A division of populations based on age, used in statistical analysis to compare different demographic segments.

Frequency

The rate at which a repeated event happens in a given unit of time or space.

Null Hypothesis

a statistical hypothesis that assumes no effect or no difference between phenomena or populations.

Level of Significance

A threshold in statistical analysis that measures the probability of rejecting a true null hypothesis; commonly set at values like 0.05 or 0.01.