The Following Data Relate to Direct Labor Costs for the Current

question 4

Multiple Choice

The following data relate to direct labor costs for the current period: Standard costs
7,500 hours at $11.70
Actual costs
6,000 hours at $12.00
The direct labor time variance is

• A)$18,000 favorable
• B)$18,000 unfavorable
• C)$17,550 unfavorable
• D)$17,550 favorable

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Definitions:

Scenario Planning

Scenario planning is a strategic planning method used to make flexible long-term plans based on different possible future conditions.

Individuals

Refers to single human beings, considered separately from their collective memberships or identities.

Contingency Planning

The process of preparing for unexpected events or circumstances that could disrupt operations.

Trigger Points

Specific conditions or situations that prompt a particular action, response, or series of events.