Accurate Tax Returns Budgets Two Direct Labor Hours for Every

question 202

Multiple Choice

Accurate Tax Returns budgets two direct labor hours for every tax return that it prepares,at a standard cost of $32 an hour.During the most recent year,540 returns were completed with the labor cost totaling $24,000.The actual labor cost was $44.44 per hour during that period.The actual number of labor hours was 1000.What is the direct labor cost variance?

• A)$6720 F
• B)$32,000 U
• C)$12,440 U
• D)$32,000 F

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Definitions:

Measurement

The process of obtaining a quantitative value or size of an object or phenomenon, typically using instruments or standardized units.

Mathematical Models

Representations of real-world systems through mathematical concepts and language, used in a wide range of sciences to predict and analyze behaviors.

Controlled Experiments

Experimental setups in which researchers manipulate one variable while holding all other variables constant to study cause and effect relationships.

Inputs And Outputs

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