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

question 38

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 efficiency variance was:

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

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Definitions:

Union Densities

A reformulated definition: The measure of how widespread union membership is across different industries or geographical areas, expressed as a ratio or percentage.

Southwest and Northeastern States

Geographic regions in the United States distinguished by distinct cultural, historical, economic, and physical characteristics influencing their development.

National Unions

Major labor organizations representing workers from various industries within a country, often responsible for negotiating collective bargaining agreements.

Local Union Actions

Activities or initiatives taken by a local branch of a union, such as strikes or negotiations, to address specific workplace or community issues.