Stevenson Enterprises Recently Used 16,000 Labour Hours to Produce 8,500

question 32

Multiple Choice

Stevenson Enterprises recently used 16,000 labour hours to produce 8,500 completed units. According to manufacturing specifications, each unit is anticipated to take two hours to complete. The company's actual payroll cost amounted to $165,300. If the standard labour cost per hour is $12, Stevenson's labour efficiency variance is:

• A)$10,331F.
• B)$10,331U.
• C)$12,000F.
• D)$12,000U.
• E)26,700U.

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Definitions:

Lead Entrepreneur

The primary individual responsible for the vision, strategy, and overall direction of a startup or entrepreneurial venture.

Venture Capital-Backed

Describes businesses that have received funding from venture capitalists, who invest in startups with high growth potential in exchange for equity.

Harvest

In a business context, refers to the act of selling off or extracting value from an investment at a profit.

Original Investment

The initial sum of money put into a project, business, or financial asset.