The Clamen Company Makes Table Lamps, for Which the Following

question 15

Multiple Choice

The Clamen Company makes table lamps, for which the following standards have been developed:
During October, production of 100 lamps was expected, but 110 lamps were actually completed.
Direct materials purchased and used were 2,100 pounds at an actual price of $2.20 per pound.
Direct labour cost for the month was $5,310, and the actual pay per hour was $9.00.
-The direct-labour price variance for the month of October is

• A) $600 unfavourable.
• B) $600 favourable.
• C) $590 unfavourable.
• D) $590 favourable.

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Definitions:

Financial Statements

Documents that present a business's financial performance and position, typically including the balance sheet, income statement, and cash flow statement.

Investing Activities

These are transactions involving the purchase and sale of long-term assets and other investments, not including cash equivalents.

Financing Activities

Transactions related to raising capital and repaying investors, impacting the equity and long-term debt of an entity.

Common Stock

A type of security that denotes ownership in a corporation and represents a claim on part of the corporation's profits or losses.