Miguez Corporation Makes a Product with the Following Standard Costs

question 418

Multiple Choice

Miguez Corporation makes a product with the following standard costs: The company budgeted for production of 2,600 units in September, but actual production was 2,500 units. The company used 5,440 liters of direct material and 1,680 direct labor-hours to produce this output. The company purchased 5,800 liters of the direct material at $7.20 per liter. The actual direct labor rate was $24.10 per hour and the actual variable overhead rate was $1.90 per hour.The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.The labor rate variance for September is:

• A) $3,675 Favorable
• B) $3,528 Unfavorable
• C) $3,528 Favorable
• D) $3,675 Unfavorable

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Id

Part of the personality present at birth and completely unconscious.

Latin

A classical language originating from the Italic branch of the Indo-European languages, historically used as the language of ancient Rome and its empire.

Mind

The set of cognitive faculties that enables consciousness, perception, thinking, judgment, and memory—a complex system of faculties involved in an organism's interaction with its environment.

Consciousness

The quality or state of being aware of an external object or something within oneself, encompassing awareness, perceptions, and understanding.