Borden Enterprises Uses Standard Costing What Was the Labour Rate Variance for April?
A) $2,850

question 182

Multiple Choice

Borden Enterprises uses standard costing.For the month of April,the company reported the following data:
$\begin{array}{|l|r|}\hline \text { Standard direct labour rate } & \$ 10 \text { per hour } \\\hline \text { Standard hours allowed for actual production } & 8,000 \\\hline \text { Actual direct labour rate } & \$ 9.50 \text { per hour } \\\hline \text { Labour efficiency variance } & \$ 4,800 \text { favourable } \\\hline\end{array}$
What was the labour rate variance for April?

• A) $2,850 favourable.
• B) $2,850 unfavourable.
• C) $3,760 favourable.
• D) $3,760 unfavourable.

Recognize the concept and significance of diversification in investment portfolios.

Define risk in investment and understand its measurement.

Learn the basics of portfolio theory and its implications on investment decisions.

Understand the concepts of expected and required returns on investments.

---

Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.