Use This Information for Stringer Company to Answer the Questions

question 122

Multiple Choice

Use this information for Stringer Company to answer the questions that follow.
​The following data are given for Stringer Company:
​
Overhead is applied on standard labor hours.
-The direct materials quantity variance is

• A) $63,000 favorable
• B) $63,000 unfavorable
• C) $59,400 favorable
• D) $59,400 unfavorable

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Definitions:

Automobiles

The term for motor vehicles, typically with four wheels, designed primarily for passenger transportation on roads.

Technological Advance

Innovations and improvements in technology that increase productivity and efficiency in production or services.

Technological Change

The process through which new technologies are developed and introduced, leading to changes in productivity, consumption patterns, and economic structure.

Equilibrium Wages

The payment rate at which the provision of labor matches the request for labor.