Examlex

Solved

The Luke Company Makes Tables for Which the Following Standards

question 118

Multiple Choice

The Luke Company makes tables for which the following standards have been developed: The Luke Company makes tables for which the following standards have been developed:   Production of 200 tables was expected in May,but 220 tables were actually completed.Direct materials purchased and used were 2,100 pounds at an actual price of $4.40 per pound.Direct labor cost for the month was $10,620,and the actual pay per hour was $18.00.What is the direct labor price variance for the month of May? A) $1,180 Favorable B) $1,180 Unfavorable C) $1,200 Favorable D) $1,200 Unfavorable Production of 200 tables was expected in May,but 220 tables were actually completed.Direct materials purchased and used were 2,100 pounds at an actual price of $4.40 per pound.Direct labor cost for the month was $10,620,and the actual pay per hour was $18.00.What is the direct labor price variance for the month of May?


Definitions:

Universally Accepted

Widely recognized or approved by all parties or societies.

Rapport

A positive relationship marked by mutual understanding and trust between individuals or groups.

Verbalizing Concerns

The act of expressing worries, fears, or anxieties using spoken words in order to address and manage them effectively.

Furthering Responses

Techniques used in communication to encourage deeper discussion or elaboration on a topic.

Related Questions