Use the Following Data That Relate to Product No

question 71

Multiple Choice

Use the following data that relate to product no. 33 of Volusia Corporation to answer the following Questions
Direct labor standard: 5 hours at $14 per hour
Direct labor used in production: 45,000 hours at a cost of $639,000
Manufacturing activity: 8,900 units completed


-The direct-labor efficiency variance is:

• A) $7,000F.
• B) $7,000U.
• C) $7,100F.
• D) $7,100U.
• E) None of the answers is correct.

---

Definitions:

Imported Oil

Oil brought into a country from another country to meet its demand for energy and petroleum products.

Tariff

A tax imposed by a government on imports or exports of goods.

Imported Oil

Oil that is brought into a country from abroad for use as fuel or raw material in various industries.

Tariff Revenue

The income generated by a government from imposing taxes on imported goods.