The Standard Costs and Actual Costs for Direct Labor in the Manufacture

question 164

Multiple Choice

The standard costs and actual costs for direct labor in the manufacture of 2,500 units of product are as follows: The direct labor time variance is

• A)$1,180 favorable
• B)$1,140 unfavorable
• C)$1,180 unfavorable
• D)$1,140 favorable

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Definitions:

Sample

Group of participants chosen to represent the entire population under study.

Population

The total number of persons inhabiting a particular country, area, or place.

Generalize

The process of forming general concepts by abstracting common properties of instances.

Experimental Group

In an experiment, the group receiving the treatment under study.