Saxena Corporation Makes a Product That Has the Following Direct

question 339

Multiple Choice

Saxena Corporation makes a product that has the following direct labor standards: The company budgeted for production of 2,900 units in July, but actual production was 2,800 units. The company used 250 direct labor-hours to produce this output. The actual direct labor rate was $14.10 per hour.The labor rate variance for July is:

• A) $252 Unfavorable
• B) $225 Unfavorable
• C) $225 Favorable
• D) $252 Favorable

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Definitions:

Myopia

A common eye condition where close objects appear clearly, but distant ones are blurred, often referred to as nearsightedness.

Random Sample

A selected subset of individuals from a larger population, chosen randomly to represent the population in a statistical analysis.

Odds

The ratio of the probability of an event occurring to the probability of it not occurring, used in probability theory and statistics.

Sample Proportion

The fraction or percentage of the sample that displays a certain trait or characteristic, used as an estimate of the proportion in the entire population.