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

question 43

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.direct labour rate variance?

• A)$4,200 U
• B)$4,200 F
• C)$200 F
• D)$4,000 F
• E)$4,000 U

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Definitions:

Subjectively

Based on or influenced by personal feelings, tastes, or opinions.

Empirically Derived

Developed or derived from practical experience rather than theory or pure logic, typically through observation and experiment.

MMPI

Short for Minnesota Multiphasic Personality Inventory, a comprehensive psychological test used to assess personality traits and psychopathology.

Eysenck Personality Inventory

A psychological test designed to measure two dimensions of personality: introversion-extraversion and neuroticism-stability.