Bender Corporation Produced 100 Units of Product AA -Refer to the Figure

question 41

Multiple Choice

Bender Corporation produced 100 units of Product AA. The total standard and actual costs for materials and direct labour for the 100 units of Product AA are as follows:
$\begin{array}{lll}\text { Materials: }&&\text { Standard } &\text { Actual }\\\text { Standard: } & 200 \text { kilograms at } \$ 3.00 \text { per kilogram } & \$ 600 \\\text { Actual: } & 220 \text { kilograms at } \$ 2.85 \text { per kilogram } &&\$627\\& & \\\text { Direct labour: } & & \\\text { Standard: } & 400 \text { hours at } \$ 15.00 \text { per hour }&6,000 \\\text { Actual: } & 368 \text { hours at } \$ 16.50 \text { per hour } &&6,072\end{array}$

-Refer to the figure.What is the labour efficiency variance for Bender Corporation?

• A)$480 (F)
• B)$480 (U)
• C)$552 (F)
• D)$552 (U)

Understand the concepts of leasing and purchasing vehicles, including the financial terminologies involved.

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Calculate savings and costs related to purchasing decisions, including the use of coupons and determining total cost.

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Definitions:

Time Horizons

The length of time over which planning, investment, or projections are made, affecting decision-making processes.

Jury of Executive Opinion Model

The Jury of Executive Opinion Model is a forecasting method where a group of senior managers estimates future outcomes based on their experience and insights.

Expert Judgment Model

A decision-making process that relies on the expertise and experience of specialists in a particular field to make informed estimates and judgments.

Daily Report

A comprehensive summary of a day's activities, performance, or achievements, commonly used in project management and operations.