Figure 17-1
Max Company Has Developed the Following Standards for One

question 70

Multiple Choice

Figure 17-1
Max Company has developed the following standards for one of its products: $\begin{array}{ll}\text { Direct materials } & 15 \text { pounds } \times £ 16 \text { per pound } \\\text { Direct labour } & 4 \text { hours } \times £ 24 \text { per hour } \\\text { Variable overhead } & 4 \text { hours } \times £ 14 \text { per hour }\end{array}$ The following activities occurred during the month of October: $\begin{array}{lc}\text { Materials purchased } & 10,000 \text { pounds costing } £ 170,000 \\\text { Materials used } & 7,200 \text { pounds } \\\text { Units produced } & 500 \text { units } \\\text { Direct labour } & 2,300 \text { hours at } £ 23.60 \text { per hour } \\\text { Actual variable overhead } & £ 30,000\end{array}$ The company records materials price variances at the time of purchase.
-Refer to Figure 17-1. Max's labour efficiency variance would be

• A)£7,200 unfavourable.
• B)£7,200 favourable.
• C)£6,280 unfavourable.
• D)£6,280 favourable.

Identify strategies for job enrichment and their implications for job design.

Appreciate the role of individual differences in response to job design and job crafting.

Understand the relationship between personality traits and social behaviors.

Recognize the impact of locus of control on behavior and decision-making.

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Definitions:

Car

A motor vehicle with wheels designed for transport, usually propelled by an internal combustion engine or an electric motor.

Truck

A vehicle engineered for the purpose of transporting goods or cargo.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision or choosing between two or more options.

Truck

A motor vehicle designed to transport cargo, with various types and sizes for different load capacities.