Use the Information Below to Answer the Following Question(s)

question 61

Multiple Choice

Use the information below to answer the following question(s) .Tractor Corporation produces toy tractors.The company uses the following direct cost categories:
Actual performance for the company is shown below:
Actual output: 5,000 units
Direct Materials:
Direct Manufacturing Labour:
Direct Marketing Labour:

-What are the efficiency variances for direct manufacturing labour and direct marketing labour, respectively?

• A)$25,000 favourable; $18,400 favourable
• B)$23,750 favourable; $12,650 unfavourable
• C)$25,000 unfavourable; $18,400 unfavourable
• D)$23,750 unfavourable; $12,650 unfavourable
• E)$23,750 favourable; $12,650 favourable

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Definitions:

Market Timers

Investors who attempt to achieve higher returns by predicting future market movements and adjusting their investments accordingly, often at higher risk.

Relative Strength

A momentum investing technique that compares the performance of a security to that of the overall market or a specific benchmark.

Market Index

A statistical measure which calculates changes in a representative group of individual securities to provide an overall view of the market or its segment’s performance over time.

Trading Volume

The total number of shares or contracts traded for a particular security or market during a specified period.