Standard Tires' Labor Standard for the Production of One Bicycle

question 32

Multiple Choice

Standard Tires' labor standard for the production of one bicycle tire is 4.5 hours at $8.50 per hour.During October, the company's employees produced 140,000 tires, using 610,000 hours at a total cost of $5,328,400.How much is Standard Tire's labor efficiency variance?

• A)$143,400 unfavorable
• B)$26,600 favorable
• C)$170,000 favorable
• D)$313,400 favorable

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Definitions:

Effective Time Management

The ability to use one's time productively and efficiently, often through planning, prioritizing tasks, and managing distractions to achieve goals.

Procrastination

The action of delaying or postponing tasks despite knowing there will be negative consequences for doing so.

Procrastination

The act of delaying or postponing tasks or decisions, often habitually, resulting in potential stress or consequences.

Fear of Failure

The apprehension or anxiety about not meeting a standard of success or achievement.