Newbill Enterprises Recently Used 24,000 Labor Hours to Produce 8,600

question 7

Multiple Choice

Newbill Enterprises recently used 24,000 labor hours to produce 8,600 completed units.According to manufacturing specifications,each unit is anticipated to take 2.75 hours to complete.The company's actual payroll cost amounted to $456,000.If the standard labor cost per hour is $19.20,Newhart's labor rate variance is:

• A)$1,920U.
• B)$1,920F.
• C)$4,800U.
• D)$4,800F.
• E)None of thesE.

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Definitions:

LPT

Longest Processing Time, a rule used in job sequencing problems to schedule jobs in descending order of their processing times.

Critical Ratio

A measure in project management and operations research indicating the urgency of a task based on its due date and the time remaining to complete it.

Production Value

The total worth of goods and services produced within a given period, measured often in terms of the cost of production or market value.

Job Assignment

The process of allocating specific jobs or tasks to employees based on their skills, experience, and availability.