Dillon Has a Standard of 2 Hours of Labor Per

question 51

Multiple Choice

Dillon has a standard of 2 hours of labor per unit at $12 per hour. In producing 2000 units Dillon used 3850 hours of labor at a total cost of $46970. Dillon's labor quantity variance is

• A) $770 U.
• B) $770 F.
• C) $1800 F.
• D) $1930 F.

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Definitions:

Shareholders

Individuals or entities that own one or more shares of stock in a public or private corporation, giving them partial ownership.

High-Technology Firm

A company that operates in industries involving advanced technological innovation and research.

Non-constant Growth

A situation in which a company's dividends or earnings are expected to grow at varying rates over time, as opposed to at a constant rate.

Zero Growth

A situation in which a company or economy sees no increase in income, output, or other measures of financial performance over a period.