Gant Co Manufactures a Product with a Standard Direct Labor Cost

question 32

Multiple Choice

Gant Co. manufactures a product with a standard direct labor cost of two hours at $24.00 per hour. During July, 2,000 units were produced using 4,200 hours at $24.40 per hour. The labor quantity variance was

• A) $4,880 F.
• B) $4,800 U.
• C) $3,280 U.
• D) $4,880 U.

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Definitions:

Ego Development

The process of how an individual's self-perception, control, and understanding of reality evolve over time.

Jane Loevinger

A psychologist known for her work on ego development, proposing a theory of personality development focused on the evolution of the ego.

Neo-Freudian Psychologist

A psychologist who builds upon Freud's theories, incorporating social and cultural aspects into the understanding of human behavior.

Ego Development

The process of psychological growth and change that occurs over the course of an individual's life, relating to how they understand themselves and their relationships with others.