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

question 159

Multiple Choice

Use the information below to answer the following question(s) .Sawyer Industries Inc.(SII) , developed standard costs for direct material and direct labour.In 2019, SII estimated the following standard costs for one of their major products, the 30-litre heavy-duty plastic container. During July 2020, SII produced and sold 10,000 containers using 2,200 kilograms of direct materials at an average actual cost per kilogram of $24 and 1,050 direct manufacturing labour hours at an average actual wage of $14.75 per hour.
-July's direct manufacturing labour efficiency variance is

• A)$750.00 unfavourable.
• B)$262.50 favourable.
• C)$487.50 favourable.
• D)$750.00 favourable.
• E)neither favourable or unfavourable.

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Definitions:

Relative Deprivation

The perception that one is worse off relative to those with whom one compares oneself.

J-curve

An economic theory describing a country's trade balance that initially worsens following a depreciation of its currency but then improves beyond its original level.

Social Unrest

A situation where a significant number of people in a community express dissatisfaction with socio-political conditions, potentially leading to protests or violence.

Collective Action

The action taken together by a group of people whose goal is to enhance their status and achieve a common objective.