Marv Company's Direct Labor Costs for Manufacturing Its Only Product

question 99

Multiple Choice

Marv Company's direct labor costs for manufacturing its only product were as follows for October: $\begin{array}{lrr}\text { Standard direct labor hours (DLHs) per unit of product } & 2 \\\text { Budgeted finished units for the period } & 6,000 \\\text { Actual number of finished units produced } & 5,000 \\\text { Standard wage rate per direct labor hour (SP) } & \$ 20.00 \\\text { Direct labor costs incurred } & \$ 207,000 \\\text { Actual wage rate per direct labor hour (AP) } & \$ 18.00\end{array}$ The direct labor efficiency variance for October, rounded to the nearest dollar, was:

• A) $3,000 unfavorable.
• B) $20,000 favorable.
• C) $23,000 favorable.
• D) $30,000 unfavorable.
• E) $50,000 unfavorable.

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Definitions:

Sociological Community

A group of people living in a common geographical area or connected by shared interests and social interactions, studied within the context of sociology.

Altruism

The principle or practice of concern for the welfare of others, often at one's own expense or without expecting personal gain.

Publication

The act of making content available to the general public, typically through printing, broadcasting, or electronic media.

Research Cycle

A systematic process involving stages such as identification of a problem, formulation of a hypothesis, collection and analysis of data, and dissemination of findings, aimed at generating new knowledge.