In Zero Company's Income Statement They Report Actual Gross Profit

question 132

Multiple Choice

In Zero Company's income statement they report actual gross profit of $52500 and the following variances: $\begin{array} { l r r } \text { Materials price } & \$ 420 \mathrm {~F} \\\text { Materials quantity } & 600 \mathrm {~F} \\\text { Labor price } & 420 \mathrm {~U }\\\text { Labor quantity } & 1,000 \mathrm {~F} \\\text { Overhead } & 900 \mathrm {~F}\end{array}$
Zero would report gross profit at standard of

• A)$46660.
• B)$47500.
• C)$50000.
• D)$53340.

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Definitions:

Lower-Order Needs

Basic human requirements such as physiological and safety needs that must be satisfied before higher-order needs can be addressed.

Esteem

The respect, admiration, or value that an individual holds for themselves or that others hold for them.

Social

Relating to society or its organization; pertaining to activities involving interaction with other people.

Valence

The value to the individual of various work outcomes.