The Following Information Describes a Company's Usage of Direct Labor

question 48

Multiple Choice

The following information describes a company's usage of direct labor in a recent period: $$\begin{array} { | l | l | } \hline \text { Actual direct labor hours used } & 32,500 \\\hline \text { Actual rate per hour } & \$ 18.00 \\\hline \text { Standard rate per hour } & \$ 16.50 \\\hline \text { Standard hours for urits produced } & 32,000 \\\hline\end{array}$$
- How much is the direct labor price variance?

• A)$48,000 favorable
• B)$48,750 favorable
• C)$48,000 unfavorable
• D)$48,750 unfavorable

Grasp the essence of cross-cultural training and its implications for global business operations.

Recognize the evolving nature and characteristics of transnational companies.

Understand how to calculate the expenses associated with the production of goods.

Apply combinatorial methods and probability in practical scenarios.

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Definitions:

Egoistic Helping

Acts of providing assistance to others motivated by a desire to benefit oneself, such as feeling good or avoiding guilt.

Altruistic Helping

Voluntarily assisting others without expecting anything in return, driven by the desire to benefit someone else.

Zero-Sum Helping

A concept where one party's gain in a helping situation is perceived to directly correspond to another party's loss, suggesting a competitive or balanced exchange rather than mutual benefit.

Non-Zero-Sum Helping

A situation in social interactions where an act of help or cooperation benefits both the helper and the recipient, contrasting with scenarios where one's gain is another's loss.