Red River Corporation Reports the Following Standards for Direct Labour

question 161

Essay

Red River Corporation reports the following standards for direct labour for the year:

During the year,180,000 finished goods were produced.The direct labour efficiency variance was $38,850 favourable.The direct labour flexible budget variance was $700 favourable.
Calculate the following items regarding direct labour for Red River Corporation for the year:
1.Direct labour price variance
2.Standard quantity of direct labour for actual production
3.Actual hours of direct labour incurred for actual production

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Definitions:

Customization

The process of modifying products or services to meet specific customer requirements or preferences.

Mode Of Shipping

The method by which goods are transported from one location to another, e.g., by air, sea, road, or rail.

Online Catalogues

Digital collections of products or services offered by a company, accessible via the internet, allowing customers to browse and make purchases remotely.

Ethical Lapses

Instances where individuals or organizations fail to act in accordance with their ethical principles or standards.