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

question 69

Multiple Choice

Use the information below to answer the following question(s) .All Good Things Ltd.planned on producing 600 units for the year.However, actual production was 400 units.Information concerning the direct labour cost for All Good Things Ltd.is as follows: actual results 1,000 hours at $25 per hour; static budget amounts were 1,200 hours at $21 per hour.
-What is the All Good Things Ltd.static-budget variance?

• A)$400 F
• B)$400 U
• C)$600 F
• D)$200 F
• E)$200 U

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Definitions:

Undue Influence

An improper or unfair persuasion that compels someone to act against their will or best interest, often affecting legal agreements or decisions.

Rescission

The legal revocation, cancellation, or repeal of a contract, returning all parties to their state prior to the agreement.

Misrepresentation

The act of providing false or misleading statements that induce someone to enter into a contract.

Fraudulent

Involving deceit, trickery, or breach of confidence, intended to gain an unfair or unlawful advantage.