Pippin Incorporated Has Provided the Following Data Concerning One of the Products

question 265

Multiple Choice

Pippin Incorporated has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. The company has reported the following actual results for the product for June:
The labor rate variance for the month is closest to:

• A) $1,020 Favorable
• B) $1,020 Unfavorable
• C) $920 Favorable
• D) $920 Unfavorable

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Definitions:

Unrestricted Funding

Financial contributions given to organizations without specific conditions, allowing the recipient to use the funds according to their most pressing needs.

Public Affairs Officers

Professionals who communicate and manage information between an organization and the public, particularly in government or military contexts.

Military Bases

Facilities directly owned and operated by or for the military or one of its branches that shelters military equipment and personnel and facilitates training and operations.

Base Closures

The process of shutting down military installations as part of realignment or budgetary decisions.