Welch Company Budgeted the Following Cost Standards for the Current $= 1.40$

question 4

Multiple Choice

Welch Company budgeted the following cost standards for the current year: Direct materials $= 1.40$ kilograms per unit $@\$ 1.50$ per kilogram
Direct labour $= 0.75$ hours per unit $@ \$ 6$ per hour
Actual production and costs were as follows:
Units produced $= 2,800$
Direct materials used $= 4,500 \mathrm {~kg}$
Direct materials purchased $= 5,000 \mathrm {~kg}@$ a cost of $\$ 5,850$
Direct labour incurred $= 2,000$ hours at a cost of $\$ 13,000$
The labour price variance was:

• A) $600 F
• B) $400 U
• C) $4,800 F
• D) $1,000 U

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Definitions:

Selye And Lazarus

Reference to Hans Selye and Richard S. Lazarus, researchers known for their work in the field of stress and psychological stress theories.

Views Of Stress

The different understandings or interpretations of stress, including its causes, effects, and how it is experienced among individuals.

Life Events

Significant occurrences or changes in a person's life that can have a profound psychological and/or physical impact.

Everyday Hassles

Minor daily stresses or annoyances that cumulatively can affect one's mental health and well-being.