Use the Following Information for the Next 6 Questions

question 91

Multiple Choice

Use the following information for the next 6 questions.
Hyteck, Inc. is a capital intensive firm. Indirect costs make up nearly 70% of the product costs. The company has no direct material costs because customers provide the direct materials used for each job. To plan and control such costs, the firm employs flexible budgets and standard costs. Overhead rates, based on direct labor hours, are derived from the master budget.
-The direct labor price variance was

• A) $2,000 F
• B) $2,800 U
• C) $1,000 U
• D) $1,000 F

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Definitions:

Social Surroundings

The environment of individuals consisting of cultural, social, and physical environments in which they live and interact.

Peers Use

Refers to the adoption or modeling of behaviors based on the influence of one's peer group.

Risk Of Addiction

The likelihood or predisposition of an individual to become dependent on substances or behaviors.

Decreased Fertility

A reduction in the ability to conceive or produce offspring, often assessed by a lower than normal sperm or egg count.