Lucky Company's Direct Labor Information for the Month of February

question 154

Multiple Choice

Lucky Company's direct labor information for the month of February is as follows: $\begin{array}{lr}\text { Actual direct labor hours worked (AQ) } & 61,500 \\\text { Standard direct labor hours allowed (SQ) } & 63,000 \\\text { Total payroll for direct labor } & \$ 774,900 \\\text { Direct labor efficiency variance } & \$ 18,000\end{array}$ The actual direct labor rate per hour (AP) for February, rounded to two decimal places, was:

• A) $12.00.
• B) $12.30.
• C) $12.60.
• D) $13.20.
• E) $13.50.

Learn about the utility and usage of the WindowAdapter class in Java.

Grasp the structure and limitations of try/catch/finally blocks in Java exception handling.

Identify the events and generated exceptions of GUI components in Java.

Recognize the appropriate exceptions thrown by the methods of standard Java classes.

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Definitions:

Absorption Costing

An accounting method that includes all manufacturing costs — direct materials, direct labor, and both variable and fixed manufacturing overhead — in the cost of a product.

Unit Product Cost

The total cost (including direct materials, direct labor, and overhead) divided by the number of units produced, representing the cost to produce a single unit.

Net Operating Income

The income generated from a company's principal operations, calculated after deducting all operational expenses but before interest and taxes.

Break-Even

The point at which total revenues equal total costs, resulting in no profit or loss.