-What Was the Labour Rate Variance for the Month?
A)

question 184

Multiple Choice

$\begin{array}{l}\text { The following labour standards have been established for a particular product: }\\\begin{array} { | l | r | } \hline \text { Standard labour hours per unit of output } & 7.5 \text { hours } \\\hline \text { Standard labour rate } & \$ 15.25 \text { per hour } \\\hline\end{array}\end{array}$
$\begin{array}{l}\text { The following data pertain to operations concerning the product for the last month: }\\\begin{array} { | l | r | } \hline \text { Actual hours worked } & 9,600 \text { hours } \\\hline \text { Actual total labour cost } & \$ 144,480 \\\hline \text { Actual output } & 1,200 \text { units } \\\hline\end{array}\end{array}$
-What was the labour rate variance for the month?

• A) $240 favourable.
• B) $240 unfavourable.
• C) $1,920 favourable.
• D) $1,920 unfavourable.

Identify the characteristics and shopping habits of online consumers.

Understand the role and impact of social commerce on consumer shopping behavior.

Comprehend the complexity and challenges in implementing multichannel marketing strategies.

Describe the practices and techniques in marketing attribution across multiple channels.

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Definitions:

Price-Output Combination

The specific level of output and the price at which that output is sold in the market, relevant in contexts of market equilibrium and firm strategies.

Total Revenue

The total amount of money a firm receives by selling goods or services.

Elastic

refers to the responsiveness of demand or supply to changes in price or income.

Revenue Curves

Graphical illustrations that depict how a company's or industry's revenue changes in response to changes in price or other economic factors.