Zanny Electronics Corporation Uses a Standard Cost System for the Production

question 457

Multiple Choice

Zanny Electronics Corporation uses a standard cost system for the production of its water ski radios. The direct labor standard for each radio is 0.9 hours. The standard direct labor cost per hour is $7.20. During the month of August, Zanny's water ski radio production used 6,600 direct labor-hours at a total direct labor cost of $48,708. This resulted in production of 6,900 water ski radios for August. What is Zanny's labor rate variance for August?

• A) $972 Favorable
• B) $1,188 Unfavorable
• C) $2,160 Favorable
• D) $2,808 Unfavorable

Identify the mechanisms through which social class is constructed and maintained.

Explore the sociological reasons behind income disparities among different social groups.

Examine the concepts of conspicuous consumption and deferred gratification.

Understand the concept and functions of social stratification and inequality in society.

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Definitions:

Product Quality

The measure of a product's ability to satisfy customer expectations, encompassing features, reliability, durability, and performance.

External Customer

Individuals or entities that purchase goods or services from a business but are not part of the organization itself.

Purchase Process

The steps and decision-making stages consumers go through before, during, and after buying a product or service.

Harvard Business Review

A prestigious magazine that publishes articles on topics related to business management practices and research.