Europa Company Manufactures Only One Product The Actual Direct Labor Hours Worked (AQ) During November (Rounded

question 156

Multiple Choice

Europa Company manufactures only one product. Presented below is direct labor information for November. $\begin{array}{lr}\text { Standard direct labor hours per unit of product } & 3.20 \\\text { Number of finished units produced } & 6,500 \\\text { Standard wage rate per direct labor hour (SP) } & \$ 19.20 \\\text { Total direct labor pavroll for the period } & \$ 359.424\\\text { Actual wage rate per direct labor hour worked (AP) }&\$16.00\end{array}$ The actual direct labor hours worked (AQ) during November (rounded to the nearest whole number) was:

• A) 18,720.
• B) 19,200.
• C) 20,800.
• D) 22,400.
• E) 22,464.

Understand the principles of competency-based rewards and how they promote employability and quality improvement.

Grasp the concept of skill-based and seniority-based pay plans and their effects on employee motivation and organization.

Understand the motivational theories relevant to job design and reward systems.

Recognize the impact of job design on employee efficiency, identity, and motivation.

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Definitions:

Accounts Receivable Turnover

A financial ratio that measures how many times a business can collect its average accounts receivable during a period, indicating how efficiently it manages credit extended to customers.

Average Sale Period

The average time it takes for a company to complete a sales cycle from the initial contact to the final sale.

Average Sale Period

A financial metric that calculates the average time it takes for a company to sell its inventory, indicating the efficiency of sales and inventory management.

Average Collection Period

The average number of days it takes for a business to receive payments owed by its customers, indicating the efficiency of the company’s credit and collection policies.