Southern Company Established a Direct Labor Standards of 0

question 119

Essay

Southern Company established a direct labor standards of 0.5 hour per unit at $12 per hour for one of its products.In March,Southern used 12,000 direct labor hours,and the total amount paid to direct labor employees was $143,400.
Required:
Based on this information,
(a)Which variance can you calculate?
(b)What is the dollar amount of the variance?
(c)Is the variance favorable or unfavorable?
(d)Do you consider the variance to be sufficiently material that managers should investigate to discover the cause of the variance?

The notion of homeostasis in families and how systems adjust to maintain stability.

Recognize first-order and second-order changes within family systems.

The process of systemic counseling, including the assessment of family boundaries, intervention strategies, and viewing problems from a relational perspective.

Identify effective interventions in systemic therapy and the purpose of enactments.

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Definitions:

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of its financial condition.

Sales

The transactions involving the exchange of goods or services for money, contributing to a company's revenue.

Functional Currency

The currency of the primary economic environment in which an entity operates, usually the currency in which it generates and spends cash.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, culminating in its net income or loss for that period.