Standard Faucets Uses Standard Costing and Recorded the Following Data

question 124

Multiple Choice

Standard Faucets uses standard costing and recorded the following data for the month of August: $\begin{array}{lr}\text { Standard direct labor rate } & \$ 10.00 \text { per hour } \\\text { Standard hours allowed for actual production } & 20,000 \text { hours } \\\text { Actual direct labor rate } & \$ 10.50 \text { per hour } \\\text { Labor efficiency variance } & \$ 5,000 \text { favorable }\end{array}$ How much is the labor rate variance for August?

• A)$9,750 unfavorable
• B)$14,750 unfavorable
• C)$4,750 unfavorable
• D)$0

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Definitions:

Strategic Management Approach

An organizational management activity focused on setting priorities, concentrating resources, and ensuring operations are aligned with long-term objectives and the external environment.

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The combined effect that exceeds the sum of individual effects, achieved when companies or products integrate, leading to enhanced market presence or competitiveness.

Technological

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