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The Paul Company Makes Tables for Which the Following Standards

question 59

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The Paul Company makes tables for which the following standards have been developed: The Paul Company makes tables for which the following standards have been developed:   Production of 200 tables was expected in June,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 quantity variance for the month of June? A) $1,120 Favorable B) $1,120 Unfavorable C) $1,260 Favorable D) $1,260 Unfavorable Production of 200 tables was expected in June,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 quantity variance for the month of June?


Definitions:

Utility Function

It represents an individual's preferences over a set of goods and services, specifying the level of satisfaction or utility derived from different combinations of goods and services.

Cocoa

The dried and fully fermented fatty seed of Theobroma cacao, from which cocoa solids and cocoa butter are extracted.

Cheese

A dairy product made from curdled or cultured milk.

Demand

The quantity of a product or service that consumers are willing and able to buy at various prices.

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