Kartman Corporation Makes a Product with the Following Standard Costs

question 3

Multiple Choice

Kartman Corporation makes a product with the following standard costs:
In June the company's budgeted production was 3,400 units but the actual production was 3,500 units. The company used 22,150 pounds of the direct material and 2,290 direct labor-hours to produce this output. During the month, the company purchased 25,400 pounds of the direct material at a cost of $170,180. The actual direct labor cost was $57,021 and the actual variable overhead cost was $8,931.
The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.
-The labor efficiency variance for June is:

• A) $4,560 F
• B) $4,560 U
• C) $4,731 U
• D) $4,731 F

Analyze the role of mortality salience and terror management in shaping attitudes towards outgroups.

Understand the mechanisms through which prejudice and stereotypes can be transmitted across generations and within societies.

Explore the effects of reminders of race or mortality on political attitudes and behaviors.

Assess the influence of ethnocentrism and cultural relativism on judgments about other cultures and practices.

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Definitions:

Interest

The charge for the privilege of borrowing money, typically expressed as an annual percentage rate.

Invest

The process of distributing funds with the aim of earning revenue or gains.

Lump Sum

A single complete payment made at one time, as opposed to a series of payments made over time.

Interest

The cost of borrowing money or the return on investment, calculated as a percentage of the principal amount.