The Following Data Relate to Direct Labor Costs for February

question 7

Multiple Choice

The following data relate to direct labor costs for February:
Actual costs
7,700 hours at $14.00
Standard costs
7,000 hours at $16.00
-The direct labor time variance is

• A)$7,700 favorable
• B)$7,700 unfavorable
• C)$11,200 unfavorable
• D)$11,200 favorable

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Definitions:

Ought Self

A component of self-concept that consists of the qualities one believes they should possess, driven by societal, familial, and personal standards.

Self-Schema

The cognitive structure hypothesized to contain a person’s self-knowledge and to direct self-relevant thought.

Explicit Self-Knowledge

Information that an individual consciously knows and can articulate about themselves, such as beliefs, preferences, and memories.

Personality Traits

Enduring characteristics or behaviors that distinguish one individual from another and can predict their reactions in various situations.