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.

---

Definitions:

Market Signals

Information or indicators that suggest the future direction of market prices, helping investors and businesses make decisions.

Uncertainty

The state of having limited knowledge where it is impossible to exactly describe existing states, outcomes, or future events.

Individual Mandate

A requirement for individuals to have health insurance or pay a penalty, originally a key provision of the Affordable Care Act.

Affordable Care Act

The Affordable Care Act, also known as Obamacare, is a law enacted to increase health insurance quality and affordability, and lower the uninsured rate by expanding public and private insurance coverage.