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

question 19

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 input-efficiency variance?

• A)$4,200 U
• B)$4,200 F
• C)$5,000 U
• D)$5,000 F
• E)$200 U

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Definitions:

T-Table Values

T-Table Values refer to a table used in statistics that shows the critical values of the t-distribution. It's used to determine the probability associated with a t-test.

Simple Linear Regression

A statistical method that examines the linear relationship between two continuous variables, one being dependent and the other independent, by fitting a linear equation to observed data.

Estimating A Mean

The process of approximating the central value (mean) of a population or sample data.

Prediction Interval

A prediction range indicating where future data points are likely to land, based on existing observations, with a specified level of confidence.