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

question 213

Multiple Choice

Dirickson 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 July:
The labor rate variance for the month is closest to:

• A) $1,312 Favorable
• B) $1,312 Unfavorable
• C) $1,216 Unfavorable
• D) $1,216 Favorable

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Definitions:

Cultural Practices

The shared activities, rituals, and norms that define the lifestyle of a particular group or society.

Biological Evolution

The process by which species of organisms undergo change over time through genetic variation and natural selection, leading to the emergence of new species.

Punctuated Equilibria

A model of macroevolutionary change that suggests evolution occurs via long periods of stability or stasis punctuated by periods of rapid change.

Darwinian Gradualism

The theory proposed by Charles Darwin that evolution occurs through the gradual accumulation of small genetic changes over time.