The Following Data Relate to Direct Labor Costs for March

question 80

Multiple Choice

The following data relate to direct labor costs for March:
Rate: standard, $12.00; actual, $12.25
Hours: standard, 18,500; actual, 17,955
Units of production: 9,450
-The direct labor time variance is

• A)$2,362.50 favorable
• B)$2,362.50 unfavorable
• C)$6,540.00 favorable
• D)$6,540.00 unfavorable

Understand the physiological and emotional responses to stressors and stress management techniques.

Comprehend the role of genetics and environmental factors in determining happiness.

Identify actions and attitudes that can positively or negatively affect happiness levels.

Understand the impact of social factors such as community, religion, and income inequality on well-being.

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Definitions:

Income Increase

A rise in the amount of money received, especially on a regular basis, through work or investments.

Substitute

A product or service that can be used in place of another to satisfy the same want or need.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of the good that consumers are willing and able to purchase at that price.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of the good that consumers are willing and able to purchase at each price.