-What Was the Labour Efficiency Variance for the Month?
A)

question 158

Multiple Choice

$\begin{array}{l}\text { The following labour standards have been established for a particular product: }\\\begin{array} { | l | r | } \hline \text { Standard labour hours per unit of output } & 7.5 \text { hours } \\\hline \text { Standard labour rate } & \$ 15.25 \text { per hour } \\\hline\end{array}\end{array}$
$\begin{array}{l}\text { The following data pertain to operations concerning the product for the last month: }\\\begin{array} { | l | r | } \hline \text { Actual hours worked } & 9,600 \text { hours } \\\hline \text { Actual total labour cost } & \$ 144,480 \\\hline \text { Actual output } & 1,200 \text { units } \\\hline\end{array}\end{array}$
-What was the labour efficiency variance for the month?

• A) $7,230 favourable.
• B) $7,230 unfavourable.
• C) $9,030 unfavourable.
• D) $9,150 unfavourable.

Identify and differentiate among various types of acquisitions (e.g., horizontal, vertical, conglomerate).

Recognize the strategies and mechanisms companies use to defend against hostile takeovers.

Understand the concept of synergy in mergers and acquisitions.

Identify the financial and strategic motives behind leveraged buyouts and going-private transactions.

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Definitions:

Risk Averse

A tendency to prefer options that have fewer risks and more certain outcomes.

Net Earnings

The profit (or loss) of a business after all expenses have been deducted from revenues.

Probability

A measure of the likelihood that an event will occur, often expressed as a number between 0 and 1.

Net Earnings Per Share

A financial ratio calculated by dividing the net income of a company by the average number of its outstanding shares, indicating the company's profitability per share.