Use the Information Below to Answer the Following Question(s)

question 64

Multiple Choice

Use the information below to answer the following question(s) .A company makes table lamps, for which the following standards have been developed:
During January, production of 100 lamps was expected, but 110 lamps were actually completed.Direct materials purchased and used were 2,100 kilograms at an actual price of $2.20 per kilogram.Direct labour cost for the month was $5,310, and the actual pay per hour was $9.00.
-The direct-material rate variance for January is

• A)$420 unfavourable.
• B)$420 favourable.
• C)$400 favourable.
• D)$400 unfavourable.
• E)$20 favourable.

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Definitions:

Overtime

Additional time worked beyond the regular working hours, usually compensated at a higher pay rate.

Workforce

Refers to the pool of employees or labor available to an organization or country, including both the employed and those seeking employment.

Short-Range Plans

Strategic plans developed to achieve goals or objectives within a relatively short time frame, typically up to one year.

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The assigning of jobs to work or processing centers.