Examlex

Solved

Assume That the Standard Cost to Make One Finished Unit

question 103

Multiple Choice

Assume that the standard cost to make one finished unit includes two hours of direct labor at $9 per hour. During May, 25,000 direct labor hours were worked, 12,000 units of product were manufactured, and total direct labor cost was $219,000. What is the (approximate) labor efficiency variance for May?


Definitions:

Fossil Record

The accumulation of evidence from preserved remains or impressions of organisms from past geologic ages.

Background Extinctions

The normal rate of extinction for species or a certain baseline level of extinctions that occurs without human intervention or major catastrophes.

Genetic Mutations

Changes in the DNA sequence of an organism's genome, which can result in variations in physical appearance, function, or behavior.

Artificial Selection

The human practice of breeding plants or animals for desired traits.

Related Questions