Claire Company Uses a Standard Costing System -How Many Actual Labour Hours Were Worked During February for to Direct

question 29

Multiple Choice

Claire Company uses a standard costing system.The following information pertains to direct labour costs for the month of February: $\begin{array}{ll}\text { Standard direct labour rate per hour } & \$ 15.00 \\\text { Actual direct labour rate per hour } & \$ 13.50 \\\text { Labour rate variance } & \$ 18,000 \text { favourable } \\\text { Actual output } & 1,000 \text { units } \\\text { Standard hours allowed for actual production } & 10,000 \text { hours }\end{array}$
-How many actual labour hours were worked during February for Claire Company?

• A)1,200
• B)2,000
• C)10,000
• D)12,000

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Definitions:

Regression Analysis

A statistical method used to explore the relationship between a dependent variable and one or more independent variables.

Sum Of Squares

A statistical technique used to measure the dispersion or variation within a data set by squaring the differences from the mean and summing all the resulting squares.

Observed Errors

The discrepancies between measured values and the true values, often due to measurement limitations or external factors.

Regression Line

A line that best fits the data points on a scatter plot, showing the relationship between the independent and dependent variables.