Storkin Enterprises Recently Used 24,000 Labor Hours to Produce 8,600

question 9

Multiple Choice

Storkin Enterprises recently used 24,000 labor hours to produce 8,600 completed units. According to manufacturing specifications, each unit is anticipated to take 2.75 hours to complete. The company's actual payroll cost amounted to $456,000. If the standard labor cost per hour is $19.20, Storkin's labor rate variance is:

• A) $1,920U.
• B) $1,920F.
• C) $4,800U.
• D) $4,800F.
• E) None of the answers is correct.

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Definitions:

Projective Hypothesis

The theory suggesting that people project their own unconscious feelings, desires, and attitudes onto ambiguous stimuli.

Ambiguous Stimulus

A stimulus that lacks clarity or can be interpreted in multiple ways, often used in psychological experiments to explore perception, personality, or decision-making.

Projective Tests

Psychological assessment tools that use ambiguous stimuli to uncover a person’s unconscious desires, fears, and struggles.

Objective Tests

Standardized assessments that measure an individual's knowledge, abilities, or traits without subjective judgement from the test giver.