The Following Data Relate to Direct Labor Costs for February

question 36

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 rate variance is

• A)$14,000 favorable
• B)$14,000 unfavorable
• C)$15,400 favorable
• D)$15,400 unfavorable

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Definitions:

Factors Influencing

Elements or conditions that affect the outcome of a process or the behavior of individuals.

Behaviors

Observable actions or reactions of individuals or groups in response to external or internal stimuli.

Stakeholder Responsibility

The obligation of an organization to consider the interests and wellbeing of all its stakeholders in its decisions and actions.

Stakeholder Ethics

Principles and standards guiding how stakeholders' interests should be considered and addressed in decision-making processes.