Figure 4 Shannon Ltd.'s Standard Cost Card Contained the Following Information

question 7

Multiple Choice

Figure 4
Shannon Ltd.'s standard cost card contained the following information:
Direct labour: 1.25 hours x £8.00 per hour = £10.00
Shannon planned to make 12,000 units. Shannon actually made 10,000 units using 13,000 hours.
-Refer to Figure 4. If Shannon's actual labour cost was £136,500, Shannon's labour rate variance was

• A) £32,500 unfavorable
• B) £32,500 favorable
• C) £6,500 unfavorable
• D) £6,500 favorable

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Definitions:

Spreading Activation Model

A cognitive model that explains how information is retrieved in the brain based on the concept of networks of connected ideas.

Memory

The faculty by which the mind stores and remembers information, allowing past experiences to influence future behavior and cognition.

Schema

A cognitive framework or concept that helps organize and interpret information in the world around us.

Drinking Alcohol

The act of consuming beverages that contain ethanol, which can affect the body and mind in various ways depending on the amount and frequency of consumption.