If a Company Assigns Factory Labor to Production at a Cost

question 172

Multiple Choice

If a company assigns factory labor to production at a cost of $84000 when standard cost is $80000 it will

• A) debit Labor Price Variance for $4000.
• B) credit Labor Price Variance for $4000.
• C) debit Labor Quantity Variance for $4000.
• D) credit Labor Quantity Variance for $4000.

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Definitions:

Flood

An overflow of water that submerges land that is usually dry.

Rabbits

Small mammals with long ears, long hind legs, and a short tail, known for their fast breeding and being common in many regions as wild and domesticated animals.

Distribution Pattern

Distribution pattern refers to the way biological organisms are spaced within their environment, which can be random, uniform, or clumped.

North-Facing

Refers to the direction or aspect that primarily faces towards the north; often considered in terms of sunlight exposure and ecological implications.