Dougher Corporation Uses a Standard Cost System in Which Inventories

question 465

Multiple Choice

Dougher Corporation uses a standard cost system in which inventories are recorded at their standard costs and any variances are closed directly to Cost of Goods Sold. The standard cost card for the company's only product is as follows: During the year, the company started and completed 26,900 units. Direct labor employees worked 14,250 hours at an average cost of $20.20 per hour.Assume that all transactions are recorded on a worksheet as shown in the text. On the left-hand side of the equals sign in the worksheet are columns for Cash, Raw Materials, Work in Process, Finished Goods, and Property, Plant, and Equipment (net) . All of the variance columns are on the right-hand-side of the equals sign along with the column for Retained Earnings.When the direct labor cost is recorded, which of the following entries will be made?

• A) ($14,800) in the Labor Efficiency Variance column
• B) $14,800 in the Labor Rate Variance column
• C) ($14,800) in the Labor Rate Variance column
• D) $14,800 in the Labor Efficiency Variance column

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Definitions:

Flaming Effect

describes the escalation of hostile communication online, often characterized by aggressive or confrontational messages.

Electronic Discussion

Conversations or exchanges of ideas that occur through digital platforms, such as forums, email, or messaging apps.

Computer-Moderated Communication (CMC)

Forms of communication between individuals or groups primarily facilitated by computers, including email, instant messaging, and online forums.

Group Polarization

this occurs when the presence of a group intensifies the original opinions of its members, leading to more extreme positions.