Dibert Inc

question 70

Multiple Choice

Dibert Inc. has provided the following data concerning one of the products in its standard cost system.
The company has reported the following actual results for the product for February:

-The labor efficiency variance for the month is closest to:

• A) $3,876 U
• B) $4,199 F
• C) $4,199 U
• D) $3,876 F

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Definitions:

Disaffirm

The legal act of denying, rejecting, or invalidating a contract or agreement.

Fair Market Value

The price at which an asset would sell in a competitive auction setting, reflecting the value agreed upon by a willing buyer and seller.

Restatement of Contracts

A collection of legal principles regarding contracts, intended to clarify and synthesize current contractual laws in the United States.

Mental Impairment

A condition that impacts an individual's cognitive functioning, potentially affecting memory, decision-making, or learning abilities.