Patterson Company
the Following Information Is for Patterson Company's July

question 113

Multiple Choice

Patterson Company
The following information is for Patterson Company's July production:
$\begin{array}{l}\text { Standards: }\\\begin{array}{ll}\text { Material } & 3.0 \text { feet per unit@ } \$ 4.20 \text { per foot } \\\text { Labor } & 2.5 \text { hours per unit@ } \$ 7.50 \text { per hour }\end{array}\end{array}$

$\begin{array}{l}\text { Actual: }\\\begin{array}{ll}\text { Production } & 2,750 \text { units produced during the month } \\\text { Material } & 8,700 \text { feet used; } 9,000 \text { feet purchased @ } \$ 4.50 \text { per foo } \\\text { Labor } & 7,000 \text { direct labor hours@ } \$ 7.90 \text { per hour }\end{array}\end{array}$

(Round all answers to the nearest dollar. )
Refer to Patterson Company.What is the labor rate variance?

• A)$3,480 U
• B)$3,480 F
• C)$2,800 U
• D)$2,800 F

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Definitions:

Single Distribution

Refers to the presentation of data from a single variable, showcasing all of its values and their frequency.

Tukey Test

The Tukey Test, or Tukey's HSD (Honestly Significant Difference) test, is a post-hoc analysis used after an ANOVA to find which means among a group of means are significantly different from each other.

Familywise Error

The likelihood of committing at least one false positive, or type I error, during the course of conducting various hypothesis tests.

Statistical Procedure

A method of collecting, analyzing, interpreting, and presenting data to uncover underlying patterns and trends.