Dem Mfg Has Gathered the Following Data in Preparing to Record

question 93

Multiple Choice

Dem Mfg. has gathered the following data in preparing to record their direct labour payroll costs for the week: $$\begin{array} { l l } \text { Actual hours morked } & 18,500 \\\text { Standard hours allowed } & 20,000 \\\text { Total direct labour variance } & \$ 8,300 \mathrm {~F} \\\text { Direct labour price variance } & \$ 3,700 \mathrm { U }\end{array}$$ The actual direct labour costs were:

• A) $144,300
• B) $148,000
• C) $160,000
• D) $151,700

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Definitions:

Production Costs

The total expenses incurred in the manufacture of a product or the delivery of a service, including labor, materials, and overhead costs.

Unemployment Data

Statistical information that measures the number of people who are actively seeking work but cannot find employment, reflecting the health of an economy.

Labor-Force Participation

The percentage of the population that is of working age, willing, and able to work, and is either employed or actively seeking employment.

Unemployment Rates

The slice of the labor market that is not working but is trying to find employment.